Tag: Nationwide Building Society Conveyancing Panel
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New Nationwide’s CHAPS fees
Nationwide Building Society conveyancing panel lawyers should note that the lender has recently updated their CHAPS fee as follows: • For any products reserved on or before 28th November 2023 a CHAPS fee of £20 will be deductible from the loan amount • For any products reserved on the 29th November 2023, no CHAPS fee…
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Nationwide Update – Release of Funds
Possibly due to the increasing trend of exchanging and completing simultaneously, Nationwide Building Society have issue the following update to lawyers concerning fund requests: Help us to continue to help you & our members… Due to unprecedented volumes, we are implementing an earlier cut-off for same-day funds requests. From 25/06/20 up to and including 01/07/2020,…
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Nationwide Building Society – Changes to Conveyancing Panel Instructions
Nationwide Building Society have just made important changes to their CML Handbook Part II instructions. One of the changes that caught my eye relates to the lender’s requirements where the seller has owned the property for less than 6 months. The new answer to 5.1.1 reads : We will not normally lend where there is…
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Buy-to-Let Conveyancing on the Increase and Set to Continue
Following on from a very active fourth quarter, 160,900 buy-to-let conveyancing purchases involving a mortgage took place in 2013, a jump of 23% compared to 2012. The increase has been fuelled by Buy-to-let landlords benefiting from record low mortgage rates. Competition amongst lenders has seen fixed interest deals at a new low, brokers say. Mortgage…
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Removed From a Lender Conveyancing Panel?
If your firm has been removed from the Santander Conveyancing Panel or Lloyds or Nationwide BS , and you wish to appeal that decision, then you can write to the relevant address below. It is essential that you state your firm’s panel number on any letter of appeal. If you require guidance about your letter…