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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
Common questions asked concerning the National Counties Building Society Conveyancing Panel
I instructed a law firm to carry out on my house purchase 5 weeks ago having applied for a mortgage with National Counties Building Society. The firm confirmed to me that they are on National Counties Building Society conveyancing panel and gave me their panel number. National Counties Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for National Counties Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the National Counties Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My husband and I changing mortgage lender for our maisonette with National Counties Building Society. We have a son 18 who lives with us. The solicitor on the National Counties Building Society conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the National Counties Building Society conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to National Counties Building Society .This is solely used to protect the National Counties Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of National Counties Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
What tools are available to find a local solicitor on the National Counties Building Society conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the National Counties Building Society solicitor panel.
I am purchasing a semi-detached house and getting a mortgage with National Counties Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the National Counties 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 National Counties Building Society conveyancing panel in your location.
Is there a list of National Counties Building Society panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I am buying a property where the roof has a solar panel. National Counties Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with National Counties Building Society your lawyer must to check the National Counties Building Society conveyancing instructions contained in the Part of CML Handbook for National Counties Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to National Counties Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
At last I have had an offer on an apartment 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 do I do now? When should I get the mortgage app going with National Counties 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 National Counties 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 National Counties Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.