Nottingham Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Nottingham Building Society’s changes. Notwithstanding that utilising this technology 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 a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Nottingham Building Society

Banks and building societies often change 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,

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Recent Changes Include

# Date Assoc. Changes Related To
C.12 29/08/2018 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
B.3 14/02/2014 BSA
C.12 25/11/2011 BSA

Last update 22/01/2020

Common questions asked concerning the Nottingham Building Society Conveyancing Panel from members of the public

My Conveyancer is not listed on the Nottingham Building Society Conveyancing Panel. Is it possible for me to retain my family solicitor even though they are not on the Nottingham Building Society panel of approved conveyancing solicitors?
You have a number of options available to you here:
  1. Carry on with your existing lawyers but Nottingham Building Society will need to instruct a lawyer on the Nottingham Building Society conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Nottingham Building Society conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the Nottingham Building Society conveyancing panel
My partner and I are refinancing our flat with Nottingham Building Society. We have a son 18 who lives with us. The solicitor on the Nottingham Building Society conveyancing panel requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Nottingham Building Society conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Nottingham Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nottingham Building Society .This is solely used to protect the Nottingham Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nottingham Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

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.
Can you clarify what the consequences are if my solicitor is suspended from the Nottingham Building Society Conveyancing panel before completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
We have 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? sometimes it can take as long as six weeks for a mortgage offer to be issued
My brother and I have agreed a price on a flat I spoke to a lawyer recommended by my uncle and he advised using a solicitor approved by Nottingham Building Society. The estate agent recommended two local firms so I asked Nottingham Building Society if the 2 suggested solicitors are approved, which they are not. Nottingham Building Society pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Nottingham Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Nottingham Building Society to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Nottingham Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Nottingham Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Nottingham Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Nottingham Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Nottingham Building Society or your broker and complete any relevant paperwork. Nottingham Building Society will tell you what documents they want. Nottingham Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Nottingham Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.