Nottingham Building Society Conveyancing Panel : Questions and Answers
from members of the public
My financial adviser has informed me that I have to pay Nottingham Building Society fees if I use my own solicitor. How efficient are the Nottingham Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're 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 your best bet is just 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.
My conveyancer has discovered an inconsistency between the assumptions in Nottingham Building Society’s valuation survey and what is revealed within the title deeds. My lawyer says that as he is on the Nottingham Building Society conveyancing panel he is duty bound to ensure that the bank is with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
A precondition to being on the Nottingham Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nottingham Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How do I find a local solicitor on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Nottingham Building Society solicitor panel.
The solicitors that just started acting on my purchase in Brighton has without warning shut down. I only went with them because I had to have a solicitor 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 do I do now?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to 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 solicitors should be in a position to help
Two weeks ago we had a mortgage agreed in principle with Nottingham Building Society. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Nottingham Building Society?
There is no definitive answer here. Have Nottingham Building Society conducted the survey? 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
Planning on purchasing a house with a mortgage with Nottingham Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham Building Society 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 Nottingham Building Society conveyancing panel
My offer was accepted on a property on the 20th January 2014, valuation was booked 3 days later, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Nottingham Building Society conveyancing panel. Are Nottingham Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham Building Society to deal with your lawyers application to be on the Nottingham Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.