FAQs for the Nottingham Building Society Conveyancing Panel
from members of the public
I have been advised by my broker that I have to pay Nottingham Building Society fees if I use my own solicitor. How good are the Nottingham Building Society conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Would you recommend a specific law firm on the Nottingham Building Society panel?
Nottingham Building Society’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Nottingham Building Society will allow to act for them.
We are nearing an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Nottingham Building Society. Apparently, being on the Nottingham Building Society conveyancing panel and acting on their behalf he must inform Nottingham Building Society if the balance of the mortgage advance is not just from me. I informed the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Nottingham Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Nottingham Building Society if you agree, failing which, your lawyer must cease to continue acting.
Are the lawyers identified as being on the Nottingham Building Society conveyancing panel, together with their details provided by Nottingham Building Society?
The law firm practices themselves provide us confirmation that they are on the Nottingham Building Society conveyancing panel as opposed to being supplied with a list from Nottingham Building Society directly.
The solicitors that just started acting on my house acquisition in Brighton has without warning shut down. They were on acting for me because I needed a lawyer on the Nottingham Building Society conveyancing panel and my previous lawyer was not. I gave my credit card details for them to take £175 for searches. What are my options?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nottingham Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist
We have a mortgage agreed in principle with Nottingham Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Nottingham Building Society?
Some lenders take longer than others. Have Nottingham Building Society conducted the valuation? Have you advised Nottingham Building Society as your lawyers details and checked that your lawyer is on the Nottingham Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Can I register a complaint to Nottingham Building Society about the lawyers being on the Nottingham Building Society conveyancing panel?
There is little point in complaining directly to Nottingham Building Society. Every solicitor firm and conveyancer must have a complaints procedure. Usually one can find this 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 properly dealt with 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.
I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 200. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Nottingham Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.