Nottingham Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It 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 automatic updates on Nottingham Building Society’s changes. Even though utilising the software is not a condition for being on the Nottingham Building Society panel, 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, more importantly, protect your panel standing.

The system generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Nottingham Building Society

Banks and building societies frequently 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, over time:

A Timeline of Policy Changes


Since 2010, Nottingham Building Society has made 23 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 118.7 days. In total, 16% of the sections of the BSA Requirements for Nottingham Building Society have been changed since 26/1/2010.

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Examples of recent questions relating to the Nottingham Building Society Solicitor Panel from members of the public

I would like to know the reason why all UK lawyers are not on the Nottingham Building Society Conveyancing panel?
Even though it may seem unfair for Nottingham Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Nottingham Building Society have restricted their panel of approved conveyancing lawyers to a size that they are happy to control. The Nottingham Building Society solicitor panel is not the most restricted
I am due to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor 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?
Any lawyer 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 instructions.
I have been searching for competitive conveyancing fees. Can I be confident that all the practices that are identified on your site are on the Nottingham Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Nottingham Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Nottingham Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Nottingham Building Society conveyancing panel is not accurate.
My uncle passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Nottingham Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Nottingham Building Society will insist on your using a conveyancer on the Nottingham 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 Nottingham Building Society 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 Nottingham Building Society mortgage is registered as a charge at the Land Registry.
Are all Conveyancing Quality Solicitors on the Nottingham Building Society conveyancing panel?
Some major lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
I was told two weeks ago that my mortgage has been agreed to by Nottingham Building Society. Is it usual for Nottingham Building Society to only issue the offer once my solicitor is approved on their conveyancing panel?
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.
At last I have had an offer on an apartment 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? When should I get the mortgage app going 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.