Find an Approved Solicitor on the National Counties Building Society
National Counties Building Society Conveyancing Panel : Questions and Answers
I am selling my apartment and the estate agent has just telephoned to warn that the purchasers are switching property lawyer. I am told that this is due to the fact that National Counties Building Society will only engage with property lawyers on their approved list. On what basis would a leading mortgage company only engage with specific lawyers?
UK lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Banks blame a rise in fraud as the reason for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
My wife and I intend to remortgage our flat 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 anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the National Counties Building Society conveyancing panel as he never had to sign this form when we purchased 5 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.
Whilst your website is a good idea there are many lawyers listed near Hackney on the National Counties Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for National Counties Building Society ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am purchasing a right to buy flat and getting a mortgage with National Counties Building Society. Can I do my own 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.
How can we tell if a solicitor on the National Counties Building Society panel is any good?
seeking recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor carrying out your transaction
My fiance and I are at the point of viewing apartments and am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with National Counties Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with National Counties Building Society , ask your prospective lawyers check they are on the National Counties Building Society conveyancing panel otherwise they can't do the mortgage legal work.
Me and my partner are acquiring a penthouse in Hendon. Conveyancing solicitors in Hendon need to beretained. My friendsuggested that we double-check that the conveyancing practitioner in Hendon is on the National Counties Building Society approved list of lawyers. Surely I don't need to do this, do I?
It is not that case that all Hendon conveyancing practices are on the National Counties Building Society conveyancing panel. 7 people a month use our search tool to search for a Hendon conveyancing firm
on the on the National Counties Building Society list of approved conveyancing firms.