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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.
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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?Find an Approved Solicitor on the New Life Mortgages Ltd Conveyancing Panel
Frequently asked questions relating to the New Life Mortgages Solicitor Panel
My financial adviser has informed me that I have to pay New Life Mortgages fees should I instruct my family lawyer. How good are the New Life Mortgages conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and reasonably priced. Would you recommend a specific law firm on the New Life Mortgages panel?
New Life Mortgages’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that New Life Mortgages will allow to act for them.
Our grandson is about to exchange on a newly built flat with a home loan from New Life Mortgages. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the New Life Mortgages conveyancing panel as a standard part of the process, and to the surveyor when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the New Life Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I see that you have a post code search directory identifying law firms on the New Life Mortgages conveyancing panel. Do firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the New Life Mortgages conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am selling my house. Does my solicitor have to be on the New Life Mortgages conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the New Life Mortgages conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I previously instructed online conveyancers located in London who are on the New Life Mortgages solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the New Life Mortgages mortgage. Is this a supplemental conveyancing fee set by New Life Mortgages?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by New Life Mortgages but by your lawyers. Some firms on the New Life Mortgages will charge an ‘acting for lender’ fee and others do not.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. New Life Mortgages have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with New Life Mortgages your lawyer must to check the New Life Mortgages conveyancing instructions contained in the Part of CML Handbook for New Life Mortgages . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to New Life Mortgages 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.
We have had an offer accepted on a flat I spoke to a conveyancer recommended by my dad and he suggested using a property lawyers approved by New Life Mortgages. The estate agent recommended two local firms so I asked New Life Mortgages if the 2 suggested solicitors are approved, which they are not. New Life Mortgages suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of New Life Mortgages 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask New Life Mortgages for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the New Life Mortgages conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto New Life Mortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet New Life Mortgages’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
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