Looking for information about your firm's panel status?
National Counties Building Society Solicitor Panel: Recently Asked Questions
Does my firm risk of removal off the
National Counties Building Society solicitor panel if I have not sent the title deed on a purchase within a certain time frame from draw-down of funds?
You might expect
National Counties Building Society via their Part 2 obligations to address this but the Handbook makes no mention on time frames. You need to look at the Terms of
National Counties Building Society’s Conveyancing Panel Appointment that you entered into. For many lender's these Terms contain a clause along the following lines:
‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep
National Counties Building Society updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the National Counties Building Society conveyancing panel?
In order to be on the National Counties Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily National Counties Building Society) are as follows:
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- To forward the title deeds and documents to another solicitor/conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
Do banks such as
National Counties Building Society engage detached conveyancing panel for buy to let mortgages?
The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
National Counties Building Society as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
National Counties Building Society we suggest that you call
National Counties Building Society to check the position.
My conveyancing assistant has resigned unexpectedly.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
National Counties Building Society once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for National Counties Building Society?
National Counties Building Society will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
National Counties Building Society conveyancing panel.
Does CQS membership guarantee my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS membership gives no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of firms. Some Lenders now use CQS as the starting point for Panel acceptance such as Santander.
My firm is listed on the
National Counties Building Society
conveyancing panel and scheduled to complete a remortgage within the next few weeks. My papers do not include a Mortgage Deed for the client to execute.
Who do I contact at National Counties Building Society to request substitute deeds?
You need to contact National Counties Building Society
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an explicit section for banks to establish who to contact to obtain standard documents.
National Counties Building Society in their Part 2’s state:
You will need to quote your National Counties Building Society solicitors panel number.
Find a Lawyer on the National Counties Building Society Solicitor Panel
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Average number of days to register title including a charge in favour of National Counties Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited National Counties Building Society Firms
- Draft Report on Title precedent for National Counties Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for National Counties Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the National Counties Building Society lender panel
- Buy-to-Let help for National Counties Building Society
- Consent-to-Let help for National Counties Building Society
- Contractor Mortgages with National Counties Building Society
