Find a Law Firm
approved by Nottingham BS
Ready to buy a new home? Failing to check that a lawyer is on the Nottingham BS list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Nottingham Building Society Conveyancing Panel? How can my firm be reinstated onto the Nottingham Building Society Conveyancing Panel?Find an Approved Solicitor on the Nottingham Building Society Conveyancing Panel
FAQs : The Nottingham Building Society Conveyancing Panel
I was advised recently by my mortgage broker that my the law firm I have appointed is not on the Nottingham Building Society Conveyancing panel. How can I check?
The first thing you need to do is to contact your lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Nottingham Building Society.
I am due to move into my new home next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Nottingham Building Society. What risks do Nottingham Building Society expect the insurance to cover?
All property lawyers on the Nottingham Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Nottingham Building Society’s Part 2 requirements of the CML Handbook (last updated on Nottingham Building Society). Being on the Nottingham Building Society conveyancing panel your lawyer is expect to follow these requirements.
How do I find a local solicitor on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Nottingham Building Society solicitor panel.
The solicitors that I recently instructed on my house acquisition in Brighton has without warning closed. I only went with them because I needed a firm on the Nottingham Building Society conveyancing panel and my family lawyer was not. I paid them £200 on account. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nottingham Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Nottingham Building Society conveyancing panel requirements are different to Nottingham Building Society’s conveyancing panel criteria.
I have today made my last payment due on mortgage with Nottingham Building Society. I assume I don't need a solicitor on the Nottingham Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Nottingham Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham Building Society mortgage from the register. Nottingham Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Nottingham Building Society has sent the Land Registry the discharge electronically, and
the Nottingham Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Nottingham Building Society mortgage has been paid off.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham Building Society are being pedantic. The solicitor who is on the Nottingham Building Society conveyancing panel is recommending indemnity insurance as a solution but Nottingham Building Society are insisting on a building regulation certificate. Why do Nottingham Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Nottingham Building Society have referred the matter to their valuer. The reason why Nottingham Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.