Nationwide Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Nationwide Building Society’s changes. While utilising this technology is not a prerequisite for Nationwide Building Society , demonstrating you can remain up to date with Nationwide Building Society’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Nationwide Building Society

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Nationwide Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Nationwide Building Society has made 331 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 8.2 days. In total, 45% of the sections of P2 of the UK Finance Lenders’ Handbook for Nationwide Building Society have been changed since 15/12/2008.

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Nationwide Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

My IFA has says he needs my solicitor’s panel member for the Nationwide Building Society conveyancing panel. What is the best way to find this out. I have tried my local Nationwide BS branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Nationwide Building Society panel reference.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Nationwide Building Society will not agree to this. Why was Nationwide BS even consulted?
Your lawyer being on the Nationwide Building Society conveyancing panel is duty bound to inform Nationwide BS of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Nationwide Building Society then they would have to discontinue acting for you and Nationwide BS.
I am searching for competitive conveyancing fees. Can I be sure that all the firms that are identified on your site are on the Nationwide Building Society conveyancing panel?
The law firms listed on our site have advised us that they are on the Nationwide BS panel and agreed to advise us to take down their listing in the event of removal off of the Nationwide Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Nationwide BS conveyancing panel is not accurate.
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Nationwide Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Nationwide BS will insist on your using a conveyancer on the Nationwide Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide Building Society mortgage is registered as a charge at the Land Registry.
Do conveyancing solicitors on the Nationwide BS conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I have a mortgage with Nationwide Building Society. My grandfather retired last week and wants to pay off my mortgage. After Nationwide BS is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Nationwide Building Society conveyancing panel? I do not intend to live at the property once the Nationwide BS mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Nationwide Building Society panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.
I am currently in the process of buying my council flat. I have a mortgage agreed with Nationwide Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Nationwide BS you will need to appoint a solicitor on the Nationwide Building Society conveyancing panel.