Find an Approved Solicitor on the Nottingham Building Society
Common questions asked concerning the Nottingham Building Society Conveyancing Panel
I am progressing with the sale of my house and the estate agent has just telephoned to advise that the buyers are appointing a new conveyancer. The excuse is that Nottingham Building Society will only engage with solicitors on their conveyancing panel. On what basis would a big named mortgage company only engage with specific solicitors?
Banks have always had panels of law firms they are willing to work with, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Banks point to the increase in fraud as the reason for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
I am purchasing a newly built apartment and my lawyer is advising me that she has to reveal incentives from the developer as her firm is on the Nottingham Building Society conveyancing panel. I am under pressure to sign contracts and I would rather not prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Nottingham Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nottingham Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I see that you have a search directory identifying firms on the Nottingham Building Society conveyancing panel. Do firms pay you a referral fee if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am attempting to get my former partner taken off the mortgage deeds. Can Nottingham Building Society really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Nottingham Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Nottingham Building Society solicitors panel
I had instructed online solicitors based in Bristol who are on the Nottingham Building Society solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the Nottingham Building Society mortgage. Is this a supplemental 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.
Can I register a complaint to Nottingham Building Society about the lawyers being on the Nottingham Building Society conveyancing panel?
Complaining to Nottingham Building Society about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
Next month my fiance and I are remortgaging a house in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My friendrecommended that we double-check that the conveyancer in Hendon is on the Nottingham Building Society panel. Aren't all lawyers on the Nottingham Building Society panel?
Not all Hendon conveyancing solicitors are on the Nottingham Building Society conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing lawyer
on the on the Nottingham Building Society panel.