Looking for information about your firm's panel status?
Nationwide Building Society Solicitor Panel: Recently Asked Questions
my firm is on the Nationwide Building Society conveyancing panel. Can I get an archived copy of a Nationwide Building Society Part 2 from the CML?
The Council of Mortgage Lenders do not maintain historic copies of P2 conditions pre-December 2010. We would recommend you make a request of Nationwide Building Society directly.
Is it true that the Law Society has recommended that firms check their status on the
Nationwide Building Society conveyancing panel?
The Law Society of Scotland has advised that solicitors should check their panel status with lenders prior to accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Nationwide Building Society conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include mumsnet.com
I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?
The fact of the matter is that estate agents are suffering if their clients start out on the buying process using a conveyancer who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change solicitors .
Are the Council of Licensed Conveyancers taking any action to protect licensed conveyancers from being removed from lender panels?
The Council of Licensed Conveyancers has initiated dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as
Nationwide Building Society in the recent past.
Our membership of the
Nationwide Building Society conveyancing panel was revoked but was reinstated on appeal, do I need to include this information on my CQS application?
You should supply details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not negatively affect your application but gives the Law Society viability as to what has happened.
I am on the
Nationwide Building Society
conveyancing panel and all set to complete a remortgage within the next few weeks. My papers do not include a Mortgage Deed for the client to execute.
Who do I contact at Nationwide Building Society to request substitute deeds?
You should contact Nationwide Building Society
to obtain standard documents. The CML Handbook incorporates a specific section for lenders to cite who to contact to obtain standard documents.
Nationwide Building Society in their Part 2’s state:
Always remember to quote the firm’s Nationwide Building Society solicitors panel number.
Find a Lawyer on the Nationwide Building Society Conveyancing Panel
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Average number of days to register title including a charge in favour of Nationwide Building Society
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | 23.8 |
2023 | 54.8 |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | 56.1 |
* Data aggregated from sources including COMPLETIONmonitor
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- Draft Report on Title precedent for Nationwide Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Nationwide Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Nationwide Building Society lender panel
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