Nationwide Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Nationwide Building Society’s changes. Notwithstanding that utilising the tool is not a prerequisite for Nationwide Building Society , demonstrating you can remain up to date with Nationwide Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Nationwide Building Society

Banks and building societies frequently 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, frequently:

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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 01/07/2019 CML
5.14.9 10/06/2019 CML
5.15.2a 03/06/2019 CML
5.15.2a 01/05/2019 CML
1.14 09/04/2019 CML
1.15 09/04/2019 CML
10.10 19/03/2019 CML
6.7.1 03/08/2018 CML
5.14.1 17/07/2018 CML
5.19.1 18/06/2018 CML

Last update 07/11/2019

Common questions asked concerning the Nationwide Building Society Solicitor Panel from members of the public

I am obtaining a offer of a mortgage from Nationwide Building Society. I hope to employ the services of a Licensed Conveyancer. Does the Nationwide BS Conveyancing panel exclude conveyancers regulated by the CLC
Nationwide Building Society’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am buying a newly built flat and my solicitor is telling me that she has to disclose incentives from the seller as her firm is on the Nationwide BS conveyancing panel. I am on a tight deadline to sign contracts 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 BS approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nationwide Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Whilst your website is a good idea there are many lawyers listed near Manchester on the Nationwide BS conveyancing panel. Can you recommend a specific firm on the Nationwide Building Society approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My aunt passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide Building Society , pay off the mortgage etc. Is this possible?
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.
I previously instructed online solicitors located in Bristol who are on the Nationwide BS solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Nationwide Building Society mortgage. Is this an additional conveyancing fee specified by Nationwide BS?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Nationwide Building Society but by your lawyers. Some firms on the Nationwide BS will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
My fiance and I are at the point of looking at apartments and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I will be getting a home loan with Nationwide Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Nationwide BS , make sure you remember to check that your lawyer is on the Nationwide BS conveyancing panel.
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a Nationwide Building Society conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Nationwide Building Society about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.