Nationwide Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Nationwide Building Society’s changes. Notwithstanding that utilising this technology is not a condition for being on the Nationwide Building Society panel, demonstrating you can stay up to date with Nationwide Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Nationwide Building Society

Lenders 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 276 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.9 days. In total, 41% 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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Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 10/06/2019 CML
1.15 09/04/2019 CML
10.10 19/03/2019 CML
6.7.1 03/08/2018 CML
5.14.9 17/07/2018 CML
6.12.1 18/06/2018 CML
6.7.1 14/06/2018 CML
6.7.1 28/03/2018 CML
6.7.1 16/03/2018 CML
6.12.1 05/03/2018 CML

Last update 10/07/2019

Frequently asked questions relating to the Nationwide Building Society Solicitor Panel from members of the public

I instructed a law firm to carry out on my purchase 5 weeks ago having applied for a mortgage with Nationwide Building Society. The law firm reassured me that they are on Nationwide BS conveyancing panel and gave me their panel number. Nationwide Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for Nationwide BS?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Nationwide BS as to how long they think it will take to get the firm to get back on the panel.
I am buying a newly constructed apartment and my lawyer is informing me that she is duty bound to disclose incentives from the developer as her practice is on the Nationwide Building Society conveyancing panel. I am on a tight deadline to exchange and I would rather not prolong matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am planning to acquire a property and need a conveyancing solicitor in Manchester who is on the Nationwide Building Society solicitor. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide BS . We don’t recommend any particular firm.
I was expecting to move into my dream home last Thursday. My lawyer’s firm is on the Nationwide Building Society conveyancing panel but has changed address in the past couple of months and had not informed Nationwide BS of their new address. Nationwide Building Society has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Nationwide BS branch or your mortgage broker to see if they can help.
Is there a list of Nationwide Building Society panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
How can we tell if a solicitor on the Nationwide BS panel is any good?
Getting recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your transaction
My wife and I have arranged a further advance on our mortgage from Nationwide Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Nationwide BS conveyancing panel to deal with the paperwork?
Nationwide Building Society do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Nationwide BS panel