Nottingham Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Nottingham Building Society’s changes. While using this technology is not a prerequisite for Nottingham Building Society , demonstrating you can stay up to date with Nottingham Building Society’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel standing.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in 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 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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
F.9 30/01/2020 BSA
C.12 29/08/2018 BSA
C.12 06/04/2018 BSA
C.12 21/04/2016 BSA
E.12 21/03/2016 BSA
D.55 14/02/2014 BSA
E.10 14/02/2014 BSA
F.10 14/02/2014 BSA
C.12 14/02/2014 BSA
B.3 14/02/2014 BSA

Last update 22/03/2020

Nottingham Building Society Conveyancing Panel Recently Asked Questions from members of the public

My lawyer has never been on on the Nottingham Building Society Conveyancing Panel. Is it possible for me to use my preferred solicitor even though they are not on the Nottingham Building Society list of approved lawyers?
The most common options here are as follows:
  1. Complete the purchase with your existing solicitors 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
Much to my surprise my conveyancing solicitor is asking me for personal identification documents stating that this is part of his obligations as a solicitor on the Nottingham Building Society Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Nottingham Building Society your lawyer also has to check ID documents to satisfy Nottingham Building Society
I see that you have a search directory listing solicitors on the Nottingham Building Society conveyancing panel. Do firms pay you a commission if I instruct them for my house purchase?
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 am buying a new build flat and getting a mortgage with Nottingham Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Nottingham Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Nottingham Building Society conveyancing panel in your location.
Last month we had a mortgage agreed in principle with Nottingham Building Society. Solicitors have been chosen? How long does it take for Nottingham Building Society to send the offer to our conveyancer
There is no definitive answer here. Have Nottingham Building Society conducted the valuation? 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
The mortgage over my property is with Nottingham Building Society. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham Building Society?
Nottingham Building Society must be informed of your intention in advance of renting your property as this is likely to be a breach of Nottingham Building Society’s mortgage conditions. It may be that Nottingham Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham Building Society directly. It should not be necessary to do this via a Nottingham Building Society conveyancing panel solicitor.
My offer was accepted on an apartment on the 6th February 2014, valuation was booked five days after, received a clean bill of health. Solicitor appointed, 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. Can the lender hold off the offer?
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.