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Examples of recent questions relating to the Norwich and Peterborough Building Society Solicitor Panel
My fiance and I are buying a 1 bedroom flat in Leeds with a mortgage from Norwich and Peterborough Building Society. We like our lawyer but Norwich and Peterborough Building Society says he's not on their "panel". We have to appoint one of the Norwich and Peterborough Building Society panel firms or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Norwich and Peterborough Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
We are only a couple days away from an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Norwich and Peterborough Building Society. I am advised that, being on the Norwich and Peterborough Building Society conveyancing panel and acting on their behalf he must inform Norwich and Peterborough Building Society if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Norwich and Peterborough Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Norwich and Peterborough Building Society if you agree, failing which, your lawyer must cease to continue acting.
I am looking for conveyancing quotes online. Can I be confident that all the practices that are listed on your site are on the Norwich and Peterborough Building Society conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us 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 bank or a member of the public that the data about a specific firm being on the Norwich and Peterborough Building Society conveyancing panel is not accurate.
My solicitors in Newcastle have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Norwich and Peterborough Building Society. Is it case that being on the Norwich and Peterborough Building Society conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Norwich and Peterborough Building Society Conveyancing Panel Terms. It might be worth you contacting Norwich and Peterborough Building Society directly.
I previously instructed online conveyancers based in Bristol who are on the Norwich and Peterborough Building Society solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Norwich and Peterborough Building Society mortgage. Is this an additional conveyancing fee specified by Norwich and Peterborough Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Norwich and Peterborough Building Society but by your lawyers. Some firms on the Norwich and Peterborough Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I was told four weeks ago that my mortgage has been agreed
to by Norwich and Peterborough Building Society. Is it usual for Norwich and Peterborough Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Norwich and Peterborough Building Society to deal with your lawyers application to be on the Norwich and Peterborough Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Norwich and Peterborough Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Norwich and Peterborough Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Norwich and Peterborough Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.