Nationwide BS Conveyancing Panel Sample Enquires to our Call Center from members of the public
Is the fact that my conveyancer is not isted on the Nationwide Building Society Solicitor panel that there is a problem with the standard of the firm’s work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Nationwide BS.
Please assist. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Nationwide Building Society was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor has advised that as she is on the Nationwide BS conveyancing panel she needs to redo the searches as they are no longer valid.
One of the many conditions to being on the Nationwide Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nationwide BS)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Nationwide Building Society.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Nationwide BS conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I am selling my house. Does my solicitor have to be on the Nationwide Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide BS conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide Building Society be concerned
Given that you are obtaining a mortgage with Nationwide Building Society your lawyer must to check the Nationwide BS conveyancing instructions contained in the Part of CML Handbook for Nationwide Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Nationwide BS where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Intending to buy a house with a mortgage with Nationwide Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Nationwide Building Society conveyancing panel
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Nationwide BS?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Nationwide Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Nationwide BS and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.