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approved by New Life Mortgages
Ready to buy a new home? Failing to check that a lawyer is on the New Life Mortgages list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the New Life Mortgages Ltd Conveyancing Panel? How does my firm apply to be on the New Life Mortgages Ltd Conveyancing Panel? How can my firm be reinstated onto the New Life Mortgages Ltd Conveyancing Panel?
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Frequently asked questions relating to the New Life Mortgages Conveyancing Panel
My Solicitor is not listed on the New Life Mortgages Conveyancing Panel. Is it possible for me to continue with my preferred solicitor even though they are excluded from the New Life Mortgages approved list?
You will need to have a conveyancer complete the legal work required when you take out a New Life Mortgages 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 New Life Mortgages conveyancing panel additional costs will be incurred as separate legal representation will be required by New Life Mortgages. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company New Life Mortgages will not agree to this. Why was New Life Mortgages even consulted?
Your lawyer being on the New Life Mortgages conveyancing panel is duty bound to inform New Life Mortgages of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to New Life Mortgages then they would have to discontinue acting for you and New Life Mortgages.
I am looking to buy a property and need a conveyancing solicitor in London who is on the New Life Mortgages conveyancing. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for New Life Mortgages . We don’t recommend any particular firm.
My conveyancers 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 New Life Mortgages. Is it case that being on the New Life Mortgages conveyancing panel they need to have retained the file for a prescribed period?
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 New Life Mortgages Conveyancing Panel Terms. It might be worth you contacting New Life Mortgages directly.
Do conveyancing solicitors on the New Life Mortgages conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
My ex -wife’s name is on the New Life Mortgages mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the New Life Mortgages mortgage in order to sell?
As regards the New Life Mortgages mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of New Life Mortgages in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
New Life Mortgages 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 New Life Mortgages or your broker and complete any relevant paperwork. New Life Mortgages will tell you what documents they want. New Life Mortgages 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. New Life Mortgages 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.