Find a Law Firm
approved by National BS
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.
Looking for information about your firm's panel status?
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
National Counties Building Society Conveyancing Panel : Questions and Answers
I have been advised by my broker that I have to pay National Counties Building Society fees if I use my own solicitor. How good are the National Counties Building Society conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Would you recommend a specific law firm on the National Counties Building Society panel?
National Counties Building Society’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that National Counties Building Society will allow to act for them.
We are nearing an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender National Counties Building Society. Apparently, being on the National Counties Building Society conveyancing panel and acting on their behalf he must inform National Counties 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 mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with National Counties 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 National Counties Building Society if you agree, failing which, your lawyer must cease to continue acting.
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.
Can you clarify what the consequences are if my solicitor is suspended from the National Counties Building Society Solicitor panel prior to the completion date?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
When it comes to mortgage companies such as National Counties Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have 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 completed the survey? 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? sometimes it can take as long as six weeks for a mortgage offer to be issued
Why might a lender such as National Counties Building Society withdraw a mortgage offer?
Banks and Building Societies such as National Counties Building Society can withdraw their mortgage offer although this rarely happens. If National Counties Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are 5 examples:
- Many mortgage offers have an expiry date. Your lawyer should check this. National Counties Building Society may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
- If the borrower informs National Counties Building Society of a change in the loan amount agreed
- Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
- Where to proceed with the Mortgage offer would be unlawful
- If the solicitor on the National Counties Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with National Counties Building Society ‘s instructions