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.

Find a Law Firm approved by National BS
Find a Law Firm approved by National BS

Find an Approved Solicitor on the National Counties Building Society Conveyancing Panel

National Counties Building Society Conveyancing Panel : Questions and Answers

My Conveyancer is not listed on the National Counties Building Society Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the National Counties Building Society list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a National Counties Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the National Counties Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by National Counties Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Can you clarify something for me?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from National Counties Building Society was date stamped random date and we have agreed a date for me to move into the property on 6. My lawyer informs me that as she is on the National Counties Building Society conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
One of the many conditions to being on the National Counties Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on National Counties Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to National Counties Building Society.
Whilst your website is a good idea there are many lawyers listed near Newcastle on the National Counties Building Society conveyancing panel. Can you recommend a specific firm on the National Counties Building Society approved panel?
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..
My conveyancers in Newcastle have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with National Counties Building Society. Is it case that being on the National Counties Building Society conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements 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 National Counties Building Society Conveyancing Panel Terms. It might be worth you contacting National Counties Building Society directly.
Can you point me to a directory of National Counties Building Society panel conveyancers on the Council of Mortgage Lender’s 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.
National Counties Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up National Counties Building Society or your broker and complete any relevant paperwork. National Counties Building Society will tell you what documents they want. National Counties Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. National Counties Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? 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.

Other Topics

Transfer of Equity for National Counties Building Society

Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors