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approved by NRAM
Ready to buy a new home? Failing to check that a lawyer is on the NRAM list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the NRAM Ltd Conveyancing Panel
NRAM Ltd Solicitor Panel Recently Asked Questions
My husband and I are first time buyers. Within the 48 hours our conveyancer has sent a preliminary report and documents to look through with a view to exchanging next week. NRAM Ltd have this morning contacted us to advise us that there is now an issue as our lawyer is not on their conveyancing panel. Is this a problem?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact NRAM Ltd and see if they can apply for membership of the NRAM Ltd conveyancing panel, but if that is not viable NRAM Ltd will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the NRAM Ltd conveyancing panel as you are at liberty to use your preferred lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
We are approaching an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender NRAM Ltd. I am advised that, being on the NRAM Ltd conveyancing panel and acting on their behalf he must inform NRAM Ltd if the balance of the mortgage advance is not just from me. I informed the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with NRAM Ltd to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to NRAM Ltd if you agree, failing which, your lawyer must cease to continue acting.
I need to find a NRAM Ltd panel solicitor in Stirling. Could you help me?
It is not clear why you need a NRAM Ltd panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to NRAM Ltd to find out which solicitors in NRAM Ltd are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am considering applying for a NRAM Ltd mortgage for purchase of a newly converted (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for NRAM Ltd?
In theory, you could use a solicitor that is not on NRAM Ltd conveyancing panel, but NRAM Ltd would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Is it the case that all solicitor practices on the NRAM Ltd conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the NRAM Ltd conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, NRAM Ltd are being a right pain. The solicitor who is on the NRAM Ltd conveyancing panel is saying indemnity insurance will be fine but NRAM Ltd are insisting on a building regulation certificate. Why do NRAM Ltd have a conveyancing panel of they don’t accept advice from them?
It is probably the case that NRAM Ltd have referred the matter to their valuer. The reason why NRAM Ltd 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.
My offer was accepted on an apartment on the 7th March 2014, valuation was booked 4 days after, all came back fine. Conveyancer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to NRAM Ltd and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the NRAM Ltd conveyancing panel. Are NRAM Ltd entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for NRAM Ltd to deal with your lawyers application to be on the NRAM Ltd conveyancing panel. There's no guarantee that your solicitors will be accepted.