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
Nottingham Building Society Conveyancing Panel Example Support Desk Enquires
I appointed a firm of solicitors to carry out on my remortgage six weeks ago having applied for a mortgage with Nottingham Building Society. The firm reassured me that they are on Nottingham Building Society conveyancing panel and advised me their panel number. Nottingham Building Society then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the approved panel for Nottingham Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Nottingham Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My solicitor has uncovered a difference when comparing the surveyor’s assumptions in Nottingham Building Society’s valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that as he is on the Nottingham Building Society conveyancing panel he needs to ensure that the bank is happy with this discrepancy and is content go ahead. Is my conveyancer’s approach appropriate?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Are the lawyers identified as being on the Nottingham Building Society conveyancing panel, together with their details provided by Nottingham Building Society?
The firms themselves provide us confirmation that they are on the Nottingham Building Society conveyancing panel as opposed to being supplied with a list from Nottingham Building Society directly.
I am buying a garden flat and getting a mortgage with Nottingham Building Society. How practical is it for me to do the 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.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Nottingham Building Society conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
I'm spending time looking at apartments and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Nottingham Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Nottingham Building Society , make sure you remember to check that your lawyer is on the Nottingham Building Society conveyancing panel.
I recently had an offer accepted on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me to say that they were not on the Nottingham Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.