National Counties Building Society Conveyancing Panel Information

Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the National Counties Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Full disciplinary history for each conveyancing solicitor

Charge registration history

List of all those staff who work within the conveyancing team

Full complaints history for each licensed conveyancer

SRA or equivalent regulator registration number where applicable

List of fee-earners who are foreign qualified

Whether the firm has ever applied for accreditation and the outcome of the application

and Conveyancing Quality Scheme

House price discrepancies (declared to lender vs. registered at Land Registry)

Full career history for each solicitor including admission date to the relevant Law Society

Given that your practice in is on the National Counties Building Society conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If National Counties Building Society are to lend, they may require indemnity insurance. In any event,you will need to check National Counties Building Society’s specific requirements. Notwithstanding whether National Counties Building Society will lend in such circumstances you still need to advise the borrower (unless you are acting for National Counties Building Society alone) as to the risks of buying a property with an insolvent or absentee freeholder.

8 consumers search for a conveyancing practitioner on the National Counties Building Society panel every 4 weeks in Hendon. The lenderpanel directory service team who will show you how your firm can be identified by those searching for conveyancing in Hendon.

CQS membership is no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their panels. Some Lenders now use the scheme as the starting point for Panel approval as is the case with HSBC.

You need to communicate with National Counties Building Society to obtain standard documents. The CML Handbook has an express section for lenders to set out who to contact to obtain standard documents. National Counties Building Society in their Part 2’s state: You will need to disclose the firm’s National Counties Building Society conveyancing panel reference.