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approved by Nottingham BS
Ready to buy a new home? Failing to check that a lawyer is on the Nottingham BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Nottingham Building Society Conveyancing Panel? How can my firm be reinstated onto the Nottingham Building Society Conveyancing Panel?Find an Approved Solicitor on the Nottingham Building Society Conveyancing Panel
Common questions asked concerning the Nottingham Building Society Solicitor Panel
I am expecting a offer of a mortgage from Nottingham Building Society. my intention is to retain the legal services of a Licensed Conveyancer. Does the Nottingham Building Society Solicitor panel include Licensed Conveyancers
Nottingham Building Society’s approved solicitor list is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My lawyer has spotted a discrepancy when comparing the information in Nottingham Building Society’s home valuation report and what is revealed within the conveyancing documents. My solicitor says that as he is on the Nottingham Building Society conveyancing panel he is obliged to check that the lender is with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
A precondition to being on the Nottingham Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nottingham Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Are there any apps to help find a local solicitor on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Nottingham Building Society solicitor panel.
The solicitors that I recently instructed on my purchase in Brighton has suddenly shut down. They were on acting for me because I had to have a lawyer on the Nottingham Building Society conveyancing panel and my family lawyer was not. I gave them a cheque for £150 in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nottingham Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist
Are all Conveyancing Quality Solicitors on the Nottingham Building Society conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
I have a mortgage with Nottingham Building Society. My godfather has just retired and wants to pay off the mortgage left on the property. After Nottingham Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Nottingham Building Society conveyancing panel? I do not intend to live at the property once the Nottingham Building Society mortgage is discharged.
You
will need a solicitor but they need not be on the Nottingham Building Society conveyancing 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
We are are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon will soon beretained. My brokeradvised that we make sure that the conveyancer in Hendon is on the Nottingham Building Society panel. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing solicitors are on the Nottingham Building Society conveyancing panel. Click here to locate a Hendon conveyancing lawyer on the on the Nottingham Building Society list of approved conveyancing firms.