Nottingham Building Society Conveyancing Panel : Questions and Answers from members of the public
The lawyer my fiance and I wanted to use for conveyancing on a purchase said she will levy higher legal fees if my mortgage is with Nottingham Building Society because of their difficult processes! Will I regret using Nottingham Building Society? Is Nottingham Building Society conveyancing so much more difficult?
Nottingham Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Nottingham Building Society conveyancing panel. If they are not, this does add further risk of delay as Nottingham Building Society will appoint their own solicitors to look after their interest.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Nottingham Building Society will not agree to this. Why was Nottingham Building Society even consulted?
Your lawyer being on the Nottingham Building Society conveyancing panel is duty bound to inform Nottingham Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Nottingham Building Society then they would have to discontinue acting for you and Nottingham Building Society.
Do I need to pop into the offices of the Nottingham Building Society conveyancing panel solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Bristol
so that I can attend their offices if necessary.
Most conveyancing panel lawyers for Nottingham Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am purchasing a right to buy 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.
I had instructed online conveyancers based in Birmingham who are on the Nottingham Building Society solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Nottingham Building Society mortgage. Is this a supplemental conveyancing fee specified by Nottingham Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Nottingham Building Society but by your lawyers. Some firms on the Nottingham Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We have agreed a price on a house I spoke to a solicitor previously used by my mum and he suggested instructing a property lawyers 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 firm 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.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Nottingham Building Society are being pedantic. The solicitor who is on the Nottingham Building Society conveyancing panel is saying indemnity insurance will be fine but Nottingham Building Society are insisting on a building regulation certificate. Why do Nottingham Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Nottingham Building Society have referred the matter to their valuer. The reason why Nottingham Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.