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Ready to buy a new home? Failing to check that a lawyer is on the National BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the National Counties Building Society Conveyancing Panel? How can my firm be reinstated onto the National Counties Building Society Conveyancing Panel?Find an Approved Solicitor on the National Counties Building Society Conveyancing Panel
Examples of recent questions relating to the National Counties Building Society Conveyancing Panel
I am hoping to receive a mortgage with National Counties Building Society. my intention is to retain the legal services of a Licensed Conveyancer. Does the National Counties Building Society Solicitor panel include Licensed Conveyancers
National Counties Building Society’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Please assist. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from National Counties Building Society was issued random date and we have agreed a date for me to move into the property on 6. My solicitor has advised that as she is on the National Counties Building Society conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
One of the many conditions to being on the National Counties Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on National Counties Building Society)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to National Counties Building Society.
Are the lawyers identified as being on the National Counties Building Society conveyancing panel, together with their details provided by National Counties Building Society?
The law firm practices themselves provide us confirmation that they are on the National Counties Building Society conveyancing panel as opposed to being supplied with a list from National Counties Building Society directly.
My grandmother passed away last year and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to National Counties Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then National Counties Building Society will insist on your using a conveyancer on the National Counties Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your National Counties Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the National Counties Building Society mortgage is registered as a charge at the Land Registry.
Is there a list of National Counties Building Society panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Two weeks ago we had a mortgage agreed in principle with National Counties Building Society. Solicitors have been chosen? How long does it take for National Counties Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have National Counties Building Society done the valuation? Have you advised National Counties Building Society as your lawyers details and checked that your lawyer is on the National Counties Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My existing mortgage is with National Counties Building Society. My godfather has just retired and wants to pay off my mortgage. After National Counties Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the National Counties Building Society conveyancing panel? I do not intend to live at the property once the National Counties Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the National Counties Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.