Nationwide Building Society Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a search facility.

There are many reports available, five of which are as follows:

• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Average mortgage advance
• Current and historic missed priority dates
• Number of conveyancing cases by lender
• Evidence of undertaking logs

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Nationwide Building Society conveyancing panel to see if you are entitled to a reason.

On the basis that your firm in is on the Nationwide Building Society conveyancing panel and you are instructed by them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Nationwide Building Society are to lend, they may require indemnity insurance. In any event,you will need to check Nationwide Building Society’s specific requirements. Notwithstanding whether Nationwide Building Society will lend in such circumstances you still need to advise the borrower (unless you are acting for Nationwide Building Society alone) as to the risks of buying a property with an insolvent or absentee landlord.

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 negatively affect your application but gives the CQS team viability as to what has gone on.

You need to contact Nationwide Building Society to obtain standard documents. The CML Handbook contains an individual question for banks to enumerate who to contact to obtain standard documents. Nationwide Building Society in their Part 2’s state: It helps to quote the firm’s Nationwide Building Society solicitors panel number.