It has been in the news this month that Nationwide have recently increased the requirements it places on conveyancer’s to remain on its panel. Firms that only complete one mortgage case a week have been removed.
In April, 200 of the 700 Scottish conveyancing firms on Nationwide’s panel were removed according to The Law Society of Scotland.
Conveyancer’s have to complete four Nationwide cases a year, here at Property Legal we complete dozens of Nationwide mortgages on behalf of our clients every week, and hundreds a year.
A spokeswoman at Nationwide says: “Since early 2012, we have operated a policy whereby low-volume firms do not have the automatic option of remaining on the panel. Low-volume is set at one completion per week. Exceptions are made for firms which meet a particular need on account of their locality or services – for example they service a more remote community.”
It was recently publicized that HSBC had only 43 firms able to act for both the borrower and the lender. This decision has now been overturned to allow all Law Society accredited solicitors on the panel, covering around 1,400 firms including us.
We act for many mortgage lenders and can assist you in completing your house purchase, please call our office to request a quote and discuss your transaction further.
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