Nottingham Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This system assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Nottingham Building Society’s changes. While using the tool is not a prerequisite for Nottingham Building Society , demonstrating you can remain up to date with Nottingham Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Nottingham Building Society

Lenders often vary their requirements. The BSA instructions from Nottingham 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 2010, Nottingham Building Society has made 21 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 130.0 days. In total, 15% of the sections of the BSA Requirements for Nottingham Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
C.12 29/08/2018 BSA
C.2 06/04/2018 BSA
C.12 21/04/2016 BSA
E.12 21/03/2016 BSA
D.34 25/08/2015 BSA
A.10 14/02/2014 BSA
D.55 14/02/2014 BSA
E.10 14/02/2014 BSA
E.18 14/02/2014 BSA
C.12 14/02/2014 BSA

Last update 08/11/2019

Nottingham Building Society Solicitor Panel Sample Enquires to our Call Center from members of the public

It has come to my attention via my estate agent that my the law firm I have appointed is not on the Nottingham Building Society Conveyancing panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to contact your lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Nottingham Building Society solicitor panel.
I am due to complete my purchase next Monday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Nottingham Building Society. What does the insurance need to cover?
All property lawyers on the Nottingham Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Nottingham Building Society’s Part 2 requirements of the CML Handbook (last updated on Nottingham Building Society). Being on the Nottingham Building Society conveyancing panel your lawyer is expect to follow these requirements.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Nottingham Building Society conveyancing panel. My lawyer has said that they are on the Nottingham Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Nottingham Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Nottingham Building Society solicitor panel.
We're in London, First timers buying with a mortgage (lender is Nottingham Building Society , but our lawyer is on the Nottingham Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
We expect to receive a DIP from Nottingham Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Nottingham Building Society recommend a solicitor on the Nottingham Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Nottingham Building Society conveyancing panel. The solicitor represents both you and the Nottingham Building Society through the process.
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 do I do now? At what point should I appy for the mortgage with Nottingham Building Society?
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 Nottingham 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 Nottingham Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Me and my partner are buying a penthouse in Hendon. Conveyancing solicitors in Hendon are preferred to beinstructed. My brother-in-lawadvised that we enquire that the solicitor in Hendon is on the Nottingham Building Society list of approved conveyancing firms. Aren't all lawyers on the Nottingham Building Society panel?
A limited percentage of Hendon conveyancing solicitors are on the Nottingham Building Society conveyancing panel. 5 people a month use our search tool to find a Hendon conveyancing solicitor on the on the Nottingham Building Society solicitors pane.