NRAM Ltd Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by NRAM Ltd and to assist in remaining on the NRAM Ltd Conveyancing Panel.

NRAM Ltd Conveyancing Panel: Recently Asked Questions

Are NRAM Ltd Conveyancing panel lawyers obliged to disclose incentives?
NRAM Ltd’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements

Read More

Can you suggest any advice if we wish to challenge being removed from the NRAM Ltd solicitor panel?
Should you firm be removed from the NRAM Ltd conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact NRAM Ltd directly. (b) If there is an appeals process detailed on your letter you should follow the process.

In appealing a decision by NRAM Ltd, it may be useful to provide the following information:

  • Full disclosure of your transaction history
  • A copy of your COMPLETIONmonitor reports if you use that service
  • Your recent claims history
  • comprehensive details of all employees in your practice and their position.
  • Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
  • Supply duplicate practising certificates, the firm's current PII schedule and your accountant's certificate, setting out what percentage of the firm's gross fee income is generated from residential conveyancing

On appeal some conveyancing firms have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. Success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm has a healthy attitude towards risk mitigation.

What is the CLC doing to protect licensed conveyancers from being removed from lender panels?
As is the case with the Law Society the CLC has initiated dialogue with lenders 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 NRAM Ltd as well as the CML.
My firm is representing a seller of a property and we have just received an email from the buyers solicitors who are not on the NRAM Ltd conveyancing panel requesting that we undertake to send certain post-completion documents to a law firm on the approved solicitor list for NRAM Ltd. How has this come about?
You will be aware of the trend in recent years for lenders such as NRAM Ltd to take a much more pro-active approach in relation to the management and make up of their conveyancer panels. The knock on effect of this is that it is more likely that there will be a higher number of cases where a conveyancer is not on the NRAM Ltd panel. The situation that you find yourself in is where your client’s purchaser has his/her own lawyer and NRAM Ltd have appointed a separate lawyer to act on their behalf where the new CML Part 3 requirements apply. Section 11.1 of the UK Finance Lenders’ Handbook Part 3 requires NRAM Ltd’s panel solicitor to ‘ ...transfer the mortgage advance directly to the Seller’s conveyancer. The Seller’s conveyancer must be required to hold the mortgage advance on the terms of the required undertaking. The example borrower’s conveyancer’s undertaking letter includes a specific example of the seller’s undertaking’. You should expect to be advised to received the mortgage advance directly from the conveyancing solicitors for NRAM Ltd. You will no doubt be required to undertake directly to NRAM Ltd’s solicitors to discharge any charges secured on the property and to send directly to them the executed transfer and any other documents required to enable us to effect registration. Please remember to carefully consider undertakings in accordance with your firm’s protocol and record them in your undertakings logg. Please remember that as well as this breach of this undertaking having regulatory and compliance implications it’s breach could also result in your firm being removed off the NRAM Ltd conveyancing panel.
I have been a qualified solicitor for nearly 30 years without a single claim against me and have been refused acceptance on the NRAM Ltd conveyancing panel with no explanation. Am I not entitled to to know why?
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 NRAM Ltd conveyancing panel to see if you are entitled to a reason.
Should CQS membership guarantee my firm’s acceptance on to lenders conveyancing panels?
CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their panels. Some mortgage companies now use the Conveyancing Quality Scheme accreditation as the starting point for Panel approval as is the case with Santander.
My firm is listed on the NRAM Ltd conveyancing panel and all set to complete a remortgage shortly. My papers do not include a Legal Charge for the client to execute. Who do I contact at NRAM Ltd to request substitute deeds?
You should communicate with NRAM Ltd to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an express inquiry for banks to set out who to contact to obtain standard documents. NRAM Ltd in their Part 2’s state:
You will need to disclose your NRAM Ltd solicitors panel reference.

Find a Lawyer on the NRAM Ltd Conveyancing Panel

powered by LenderPanel

Average number of days to register title including a charge in favour of NRAM Ltd
This information relates to purchase only and not remortgages.
YearDays*
2024 [no data]
2023 [no data]
2022 [no data]
2021 [no data]
2020 [no data]
2019 [no data]
* Data aggregated from sources including COMPLETIONmonitor