Looking for information about your firm's panel status?
Nottingham Building Society Conveyancing Panel Assistance:
What are the Nottingham Building Society conveyancing panel criteria?
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.
An established client of mine is buying a new build house for
£607,500 in Newcastle with a mortgage over GBP 415k.
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 two or three lenders that operate a distinct conveyancing panel where the mortgage advance is over a certain amount.
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
What sort of information are Lenders such as Nottingham Building Society are asking for when it comes to applying to be on their approved solicitor list?
Criteria differ from lender to lender.
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):
- Whether any lender has ever made a claim against the firm’s PII cover
- List of all those staff who work within the conveyancing team
- Whether the firm has ever applied for accreditation and the outcome of the application
- Full complaints history for each licensed conveyancer
- 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 who fund the firm, including non-lawyers if applicable
- Full complaints history for each conveyancing solicitor
- Full disciplinary history for each conveyancing solicitor
What is the CLC doing to protect licensed conveyancers from being removed from lender panels?
The Council of Licensed Conveyancers has entered dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as Nottingham Building Society as well as the CML
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the Nottingham Building Society
conveyancing panel?
In order to be on the Nottingham 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 Nottingham Building Society) are as follows:
- To forward the title deeds and documents to another solicitor 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.
- 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.
- To quote on all communications with us relating to 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.
- Without prejudice to your obligation to comply in full with the Safeguards provisions in the BSA Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
- 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.
Do publish figures exists disclosing the Nottingham Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With banks and solicitors working so closely with one another 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 lender panels
Can the BSA assist me in an appeal having not been accepted onto the Nottingham Building Society conveyancing panel?
If you have not been accepted or indeed been removed from the Nottingham Building Society conveyancing panel then the BSA will not have any part to play in influencing Nottingham Building Society in changing their mind. Please contact us here at Lexsure so that we can put you in touch with a consultant who may be able to assist. At the very least it’s worth a call to us.
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
