Nottingham Building Society Conveyancing Panel Recently Asked Questions
from members of the public
My husband and I are buying a 1 bedroom flat in Newcastle with a mortgage from Nottingham Building Society. We like our solicitor but Nottingham Building Society says he's not on their "panel". It seems we have little choice but to instruct one of the Nottingham Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Nottingham Building Society use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Nottingham Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Nottingham Building Society
can you help? My solicitor is informing me me that she is duty-bound to order a Local Authority search stemming from the fact that the firm are on the Nottingham Building Society solicitor panel. Is my lawyer correct?
You have limited options available to you. As you are taking a mortgage with Nottingham Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Nottingham Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Nottingham Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I need to find a Nottingham Building Society panel solicitor in Inverness. Can you assist?
It is not clear why you need a Nottingham Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Nottingham Building Society to find out which solicitors in Nottingham Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am trying to get my former partner taken off the mortgage deeds. Can Nottingham Building Society really insist on which solicitor I can or can not retain?
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
is it true that all solicitors on the Nottingham Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Nottingham Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Nottingham Building Society conveyancing panel requirements are different to Nottingham Building Society’s conveyancing panel requirements.
My fiance and I are at the point of viewing flats and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I will be getting a mortgage with Nottingham Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Nottingham Building Society , ask your prospective lawyers check they are on the Nottingham Building Society conveyancing panel otherwise they can't do the mortgage legal work.