NRAM Ltd Conveyancing Panel Example Support Desk Enquires from members of the public
My financial adviser has informed me that I have to pay NRAM Ltd fees if I use my own solicitor. How efficient are the NRAM Ltd conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Are there any NRAM Ltd conveyancers you'd recommend?
NRAM Ltd’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that NRAM Ltd will allow to act for them.
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 NRAM Ltd will not agree to this. Why was NRAM Ltd even consulted?
Your lawyer being on the NRAM Ltd conveyancing panel is duty bound to inform NRAM Ltd of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to NRAM Ltd then they would have to discontinue acting for you and NRAM Ltd.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the NRAM Ltd conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
What happens if my solicitor is expelled from the NRAM Ltd Solicitor panel before the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with NRAM Ltd. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with NRAM Ltd involved you will need to appoint a solicitor on the NRAM Ltd conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to NRAM Ltd. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the NRAM Ltd conveyancing panel.
We expect to receive a DIP from NRAM Ltd this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the NRAM Ltd recommend a solicitor on the NRAM Ltd conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the NRAM Ltd conveyancing panel. The solicitor represents both you and the NRAM Ltd through the process.
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with NRAM Ltd?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the NRAM Ltd conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with NRAM Ltd and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
