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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?
Find an Approved Solicitor on the Nottingham Building Society Conveyancing Panel
Nottingham Building Society Solicitor Panel Recently Asked Questions
For what reasons would a law firm be excluded from the Nottingham Building Society approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Nottingham Building Society
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Nottingham Building Society will not agree to this. Why was Nottingham Building Society even consulted?
Your lawyer being on the Nottingham Building Society conveyancing panel is duty bound to inform Nottingham Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Nottingham Building Society then they would have to discontinue acting for you and Nottingham Building Society.
Whilst your website is a good idea there are many lawyers listed near Leeds on the Nottingham Building Society conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Nottingham Building Society ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am buying a new build flat and getting a mortgage with Nottingham Building Society. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Nottingham Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Nottingham Building Society conveyancing panel in your location.
I am buying a property where the roof has a solar panel. Nottingham Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Nottingham Building Society your lawyer must to check the Nottingham Building Society conveyancing instructions contained in the Part of CML Handbook for Nottingham Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Nottingham Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Nottingham Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Nottingham Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Nottingham Building Society panel she or he must comply with the CML Handbook requirements for Nottingham Building Society. Unless your lawyer obtains specific confirmation in writing that Nottingham Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Nottingham Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I am selling my house. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nottingham Building Society are being pedantic. The solicitor who is on the Nottingham Building Society conveyancing panel is saying indemnity insurance will be fine 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.