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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
Q and A’s regarding the Nottingham Building Society Solicitor Panel
Is the fact that my solicitor is not identified on the Nottingham Building Society Solicitor panel that there is a problem with the standard of her conveyancing?
That would more than likely be a wrong assumption to make. 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 most common reasons for removal are: (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.
My lawyer has discovered a discrepancy between the surveyor’s assumptions in Nottingham Building Society’s valuation survey and what is in the conveyancing documents. My lawyer says that as he is on the Nottingham Building Society conveyancing panel he must ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
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.
Your search tool is useful but there are many lawyers listed near Middlesbrough on the Nottingham Building Society conveyancing panel. Can you 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
What happens if my lawyer’s firm is expelled from the Nottingham Building Society Solicitor panel in advance of the completion date?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Can you point me to a directory of Nottingham Building Society panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I have paid off my 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.
The for formalities of my purchase has taken place with a loan from Nottingham Building Society. Conveyancing was satisfactory but I would like to complain about Nottingham Building Society. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the Nottingham Building Society branches or the Customer Care Department at Nottingham Building Society head office. We understand that complaints to Nottingham Building Society are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.