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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.
Find an Approved Solicitor on the Nottingham Building Society Conveyancing Panel
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Is the fact that my conveyancer is not on the Nottingham Building Society Conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Nottingham Building Society.
Can you help?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Nottingham Building Society was date stamped random date and we have agreed a date for me to move into the property on 6. My lawyer informs me that as she is on the Nottingham Building Society conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the Nottingham Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Nottingham Building Society)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Nottingham Building Society.
Your search tool is useful but there are many lawyers listed near Coventry on the Nottingham Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Nottingham Building Society approved panel?
We do not recommend specific firms 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 considering applying for a Nottingham Building Society mortgage for purchase of a new build (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham Building Society?
There is nothing to stop you using your solicitor but Nottingham Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
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 have a mortgage with Nottingham Building Society. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Nottingham Building Society?
Your original mortgage agreement with Nottingham Building Society will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Nottingham Building Society’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham Building Society directly. You need not do this via a Nottingham Building Society conveyancing panel solicitor.
The for formalities of my purchase has taken place with a loan from Nottingham Building Society. Conveyancing was a necessary evil but I would like to complain about Nottingham Building Society. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the Nottingham Building Society branches or the Customer Care Team at Nottingham Building Society head office. Ordinarily complaints to Nottingham Building Society are resolved very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.