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approved by Newcastle BS
Ready to buy a new home? Failing to check that a lawyer is on the Newcastle BS list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Newcastle Building Society Conveyancing Panel? How can my firm be reinstated onto the Newcastle Building Society Conveyancing Panel?Find an Approved Solicitor on the Newcastle Building Society Conveyancing Panel
Common questions asked concerning the Newcastle Building Society Solicitor Panel
My property lawyer is not on the Newcastle Building Society Approved Panel. Can I still retain my family solicitor even though they are not on the Newcastle Building Society panel?
You will need to have a conveyancer complete the legal work required when you take out a Newcastle Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Newcastle Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Newcastle Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Our property lawyer has informed me that he requires identification documents stating that this forms part of his requirements as a conveyancer on the Newcastle Building Society Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Newcastle Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Newcastle Building Society CML Handbook requirements last updated on Newcastle Building Society
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Newcastle Building Society conveyancing panel. My lawyer has said that they are on the Newcastle Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Newcastle Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Newcastle Building Society solicitor panel.
I am purchasing a semi-detached house and getting a mortgage with Newcastle Building Society. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Newcastle Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Newcastle Building Society conveyancing panel in your location.
We are getting a further advance on our mortgage from Newcastle Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Newcastle Building Society conveyancing panel to deal with the paperwork?
Newcastle Building Society would not normally instruct firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Newcastle Building Society list
For 5 years I had a mortgage with Newcastle Building Society. My grandfather retired last week and wants to pay off my mortgage. After Newcastle 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 Newcastle Building Society conveyancing panel? I do not intend to live at the property once the Newcastle Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Newcastle 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.
I have instructed a lawyer having made sure that they are on the Newcastle Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
Or
I've digested plenty of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Newcastle Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Newcastle Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Newcastle Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
or
Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Newcastle Building Society you could contact your them to see if they have a list of approved surveyors.