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Norwich and Peterborough Building Society Conveyancing Panel Information:
What are the Norwich and Peterborough Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
To be a member of our conveyancing panel you must be CQS accredited, must have submitted an application form, be registered on www.lawsociety.org, produced your current Practising Certificate together with evidence of professional indemnity insurance cover for a minimum of £2m (£3m if the firm is a Limited Liability Partnership or a company). Any panel application is subject to individual assessment and approval.
You must also comply with the terms and conditions of your Norwich and Peterborough Building Society solicitor panel appointment.
Being a lawyer on the Norwich and Peterborough Building Society conveyancing panel who should we contact should we have a question conerning the BSA Specific Requirements ?
If you are a conveyancer and have a query about the instructions,
you should make contact with Norwich and Peterborough Building Society. The BSA will not advise or comment on specific queries relating to Norwich and Peterborough Building Society or other lenders.
My client is buying a semi detached house for
£607,500 in Mill Hill requiring a mortgage advance over GBP 440,000.
I am on the Norwich and Peterborough Building Society conveyancing panel but do Norwich and Peterborough Building Society have a separate approved panel when a mortgage is above 300,000?
Lexsure only know of two or three banks that operate a distinct approved solicitors panel where the mortgage advance is over a certain level.
You should nevertheless check directly with Norwich and Peterborough Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
Norwich and Peterborough Building Society
Being on the Norwich and Peterborough Building Society conveyancing panel how long am I obliged to archive the original conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable
compliance with this requirement. As a firm on the Norwich and Peterborough Building Society conveyancing panel you must allow Norwich and Peterborough Building Society to conduct such reasonable audit of your
information security measures as Norwich and Peterborough Building Society or their
agents may to ensure your compliance with your file retention
obligations.
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the Norwich and Peterborough Building Society
conveyancing panel?
In order to be on the Norwich and Peterborough Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Norwich and Peterborough Building Society) are as follows:
- To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- To quote on all communications with us relating to deeds issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
Prime Professional’s PI Insurance renewal form asks if my practice had been removed off any mortgage panels in the last 12 months . I recently found out that the firm is no longer on the Norwich and Peterborough Building Society conveyancing panel? Is this likely to effect my PII premium?
Your insurance brokers are your best port of call to address this question.
The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Norwich and Peterborough Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
I am a partner in a CQS firm on the Norwich and Peterborough Building Society conveyancing panel. How can we advertise our practice as specialists in conveyancing in Hendon who can act for the borrower and Norwich and Peterborough Building Society?
11 borrowers attempt to locate a conveyancer on the Norwich and Peterborough Building Society panel every 4 weeks in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be listed by those searching for conveyancing in Hendon.
Find a Lawyer on the Norwich and Peterborough Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Norwich and Peterborough Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
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