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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?
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Q and A’s regarding the Nottingham Building Society Solicitor Panel
How easy is it to change a solicitor as I need to find one who is on the Nottingham Building Society conveyancing panel. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
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?
Any lawyer 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.
What tools are available to find a local solicitor on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the lawyer.
Feel free to make use of the find a conveyancing panel tool on this page. 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.
We're in Birmingham, First time buyers buying with a mortgage (lender is Nottingham Building Society , but our lawyer is on the Nottingham Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I previously instructed online solicitors located in Manchester who are on the Nottingham Building Society solicitor panel. They are now charging me a separate fee of £150 for dealing with the Nottingham Building Society mortgage. Is this an additional conveyancing fee specified by Nottingham Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Nottingham Building Society but by your lawyers. Some firms on the Nottingham Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
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.
My brother and I have agreed a price on a flat I spoke to a solicitor previously used by my brother and he recommended instructing a property lawyers approved by Nottingham Building Society. The estate agent recommended two local firms so I asked Nottingham Building Society if the 2 suggested solicitors are approved, which they are not. Nottingham Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Nottingham Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Nottingham Building Society for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Nottingham Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Nottingham Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Nottingham Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.