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How does my firm apply to be on the Norwich and Peterborough Building Society Conveyancing Panel? How can my firm be reinstated onto the Norwich and Peterborough Building Society Conveyancing Panel?Find an Approved Solicitor on the Norwich and Peterborough Building Society Conveyancing Panel
Q and A’s regarding the Norwich and Peterborough Building Society Conveyancing Panel
I have just been informed by my IFA that my property lawyer is not on the Norwich and Peterborough Building Society Conveyancing panel. How can I be sure that this is correct?
You need to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Norwich and Peterborough Building Society.
My nephew is buying a house that has just been built with a home loan from Norwich and Peterborough Building Society. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Norwich and Peterborough Building Society conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Norwich and Peterborough Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am looking for online conveyancing estimates. Can I be assured that all the practices that are identified on your directory are on the Norwich and Peterborough Building Society conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Norwich and Peterborough Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Norwich and Peterborough Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Norwich and Peterborough Building Society conveyancing panel is incorrect.
I am considering applying for a Norwich and Peterborough Building Society mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Norwich and Peterborough Building Society?
In theory, you could use a solicitor that is not on Norwich and Peterborough Building Society conveyancing panel, but Norwich and Peterborough Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Is it the case that all conveyancing solicitors on the Norwich and Peterborough Building Society conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Norwich and Peterborough Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Norwich and Peterborough Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Norwich and Peterborough Building Society you will need to appoint a solicitor on the Norwich and Peterborough Building Society conveyancing panel.
Planning on purchasing a house with a mortgage with Norwich and Peterborough 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 Norwich and Peterborough 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 Norwich and Peterborough Building Society conveyancing panel