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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.
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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
FAQs for the Newcastle Building Society Conveyancing Panel
I need to swap lawyers as my lawyer is not on the Newcastle Building Society panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Our conveyancer has discovered a defect with the lease for the apartment we are buying. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that as he is on the Newcastle Building Society conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Newcastle Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Newcastle Building Society are the client. A precondition to being on the Newcastle Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newcastle Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Newcastle Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I need to find a Newcastle Building Society panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a Newcastle Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Newcastle Building Society to find out which solicitors in Newcastle Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
The lawyers that I appointed last week on my house acquisition in London has suddenly closed. I only went with them because I had to have a solicitor on the Newcastle Building Society conveyancing panel and my family lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Newcastle Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Newcastle Building Society. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Newcastle Building Society involved you will need to appoint a solicitor on the Newcastle Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Newcastle Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Newcastle Building Society conveyancing panel.
Intending to buy a house with a mortgage with Newcastle Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Newcastle Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Newcastle Building Society conveyancing panel
We are are acquiring a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to begiven the go-ahead. My friendsuggested that we enquire that the solicitor in Hendon is on the Newcastle Building Society panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing practices are on the Newcastle Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing lawyer on the on the Newcastle Building Society approved list of lawyers.