NRAM Ltd Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This system optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with alerts on NRAM Ltd’s changes. Even though utilising the tool is not a condition for being on the NRAM Ltd panel, demonstrating you can stay up to date with NRAM Ltd’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel standing.

The software generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by NRAM Ltd

Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from NRAM Ltd 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 2008, NRAM Ltd has made 10 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 273.0 days. In total, 2% of the sections of P2 of the UK Finance Lenders’ Handbook for NRAM Ltd have been changed since 15/12/2008.

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FAQs : The NRAM Ltd Conveyancing Panel from members of the public

I appointed a firm of solicitors to conduct the legal paperwork on my purchase three weeks ago having applied for a mortgage with NRAM Ltd. The firm confirmed to me that they are on NRAM Ltd conveyancing panel and provided me their panel reference. NRAM Ltd then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm currently on the approved panel for NRAM Ltd?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the NRAM Ltd conveyancing panel You may wish to enlist the help of your broker to check with the NRAM Ltd as to the time frame to get your lawyer reinstated on the panel once again.
My fiance and I changing mortgage lender for our apartment with NRAM Ltd. We have a son 18 who lives with us. The solicitor on the NRAM Ltd conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the NRAM Ltd conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong 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 NRAM Ltd .This is solely used to protect the NRAM Ltd 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 NRAM Ltd 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.

I require the services of a NRAM Ltd panel solicitor in Inverness. Could you help me?
It is not clear why you need a NRAM Ltd panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to NRAM Ltd to find out which solicitors in NRAM Ltd 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
My solicitors in Liverpool have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with NRAM Ltd. Is it case that being on the NRAM Ltd conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the NRAM Ltd Conveyancing Panel Terms. It might be worth you contacting NRAM Ltd directly.
Is it the case that all solicitor practices on the NRAM Ltd conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the NRAM Ltd 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).
My wife and I have arranged a further advance on our mortgage from NRAM Ltd as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the NRAM Ltd conveyancing panel to deal with the paperwork?
NRAM Ltd do not ordinarily instruct a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the NRAM Ltd panel
I have a mortgage with NRAM Ltd. My grandfather retired last week and wants to pay off my mortgage. After NRAM Ltd is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the NRAM Ltd conveyancing panel? I do not intend to live at the property once the NRAM Ltd mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the NRAM Ltd panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.