Frequently asked questions relating to the Nottingham Building Society Conveyancing Panel from members of the public
My financial adviser has informed me that I have to pay Nottingham Building Society fees should I instruct my family lawyer. 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. Are there any Nottingham Building Society conveyancers you'd recommend?
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.
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Nottingham Building Society was date stamped random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor has advised that as she is on the Nottingham Building Society conveyancing panel she needs to reorder the searches as they are now out of date.
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 specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Nottingham Building Society.
I see that you have a post code search directory listing law firms on the Nottingham Building Society conveyancing panel. Do firms pay you a commission if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I would like to get my former partner taken off the mortgage deeds. Can Nottingham Building Society really tell me which solicitor I can or can not use?
You can use any solicitor you like but Nottingham Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Nottingham Building Society solicitors panel
When it comes to mortgage companies such as Nottingham Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Nottingham Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Nottingham Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Nottingham Building Society panel she or he must comply with the CML Handbook requirements for Nottingham Building Society. Unless your lawyer obtains specific confirmation in writing that Nottingham Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Nottingham Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I have instructed a lawyer having checked that they are on the Nottingham Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
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Having digested plenty of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Nottingham Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nottingham Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Nottingham Building Society you could contact your them to see if they have a list of approved surveyors.