Nationwide Building Society Conveyancing Panel Information

The criteria to join the Nationwide Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

The Council of Mortgage Lender requirements of Nationwide Building Society are silent on this. Most lenders deal with the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Nationwide Building Society’s interest. To be absolutely sure of Nationwide Building Society requirements in this regard please check the Terms and Conditions of Nationwide Building Society’s conveyancing panel acceptance.

With mortgage companies and property lawyers working so closely with one another it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Nationwide Building Society conveyancing panel but for all mortgage panels

It would be advisable to 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 adversely impact your firm’s application but gives the CQS team viability as to what has happened.

You should contact Nationwide Building Society to obtain standard documents. The CML Handbook has an explicit section for lenders to enumerate who to contact to obtain standard documents. Nationwide Building Society in their Part 2’s state: It helps to disclose your Nationwide Building Society conveyancing panel number.