Looking for information about your firm's panel status?
Nottingham Building Society Conveyancing Panel Assistance:
What are the Nottingham Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
Minimum of 2 principle partners, minimum 3 year trading history, £2m liability insurance or £3m for LLP’s, practising certificates required and Sole practitioners not acceptable. Contact Lending services
You must also comply with the terms and conditions of your Nottingham Building Society solicitor panel appointment.
Do Nottingham Building Society or the Building Society Association run training seminars for the Nottingham Building Society approved solicitor panel akin to the way that CQS do?
The BSA do not involve themselves in training however they do host a number of useful legal related conferences which are attended by firms on the Nottingham Building Society conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Nottingham Building Society’s obligations . Practitioners on the Nottingham Building Society conveyancing panel will be invited . Further details will be made available as part of the LENDERmonitor Alerts .
An established client of mine is purchasing a semi detached house for
£607,500 in Brighton with a mortgage over GBP 440,000.
I am on the Nottingham Building Society conveyancing panel but do Nottingham Building Society have a separate approved panel when the advance is above 350k?
Lexsure only know of a couple of banks that operate a distinct approved solicitors panel where the mortgage advance is over a certain level.
You should nevertheless check directly with Nottingham Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
Nottingham Building Society
Do you have any idea what Lenders such as Nottingham Building Society are asking for when it comes to applying to be on their approved conveyancing panel?
Although not necessarily published, lenders have varying criteria .
We do not hold specific requirements relating to the questions raised as part of the application to be on the Nottingham Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
- List of all those who fund the firm, including non-lawyers if applicable
- Full complaints history for each conveyancing solicitor
- Full disciplinary history for each conveyancing solicitor
- Whether the firm has ever applied for accreditation and the outcome of the application
- Full complaints history for each licensed conveyancer
- Whether any lender has ever made a claim against the firm’s PII cover
- Structure of firm and, where applicable, its group
- Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)
- List of all those staff who work within the conveyancing team
I noticed the following question on my PI renewal form this year ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the BSA Mortgage Instructions?’ My firm is on numerous approved panels including the Nottingham Building Society conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Should I reference these Conditions?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations.
You have to try and take an objective view as to whether the Terms relating to the Nottingham Building Society conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the BSA Mortgage Instructions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
Are figures published regarding the Nottingham Building Society conveyancing panel size and the number of conveyancing firms removed from their panel each year?
With lenders and conveyancing firms working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Nottingham Building Society conveyancing panel but for all bank panels
The CML Handbook contains conveyancing instructions for a roof with a solar panel. Nottingham Building Society do not set out obligations via the BSA Mortgage Instructions. Am I missing something?
The BSA Mortgage Instructions don't
specifically deal with Solar Panels but it would be prudent as
approved solicitors for Nottingham Building Society to raise the issue
with them (as you would if the UK Finance Lenders’ Handbook applied). In any event you
need to raise the appropriate questions for your buyer client.
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Nottingham Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Nottingham Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Nottingham Building Society Firms
- Draft Report on Title precedent for Nottingham Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Nottingham Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Nottingham Building Society lender panel
- Buy-to-Let help for Nottingham Building Society
- Consent-to-Let help for Nottingham Building Society
- Contractor Mortgages with Nottingham Building Society
