Find a Law Firm
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?
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
FAQs for the New Life Mortgages Solicitor Panel
My Solicitor is not listed on the New Life Mortgages Conveyancing Panel. Is it possible for me to use my family solicitor even though they are excluded from the New Life Mortgages panel of approved conveyancing solicitors?
The most common options here are as follows:
- Complete the purchase with your existing lawyers but New Life Mortgages will need to instruct a lawyer on the New Life Mortgages conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the New Life Mortgages conveyancing panel.
- Convince your lawyer to do everything within their powers to join the New Life Mortgages conveyancing panel
My conveyancer has spotted an inconsistency when comparing the assumptions in New Life Mortgages’s home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that as he is on the New Life Mortgages conveyancing panel he is obliged to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
A precondition to being on the New Life Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on New Life Mortgages) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
What tools are available to find a local solicitor on the New Life Mortgages conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the solicitor.
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 New Life Mortgages solicitor panel.
We're in Wales, FTBs purchasing with a mortgage (lender is New Life Mortgages , but our lawyer is on the New Life Mortgages conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the New Life Mortgages conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the New Life Mortgages conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the New Life Mortgages conveyancing panel requirements are different to New Life Mortgages’s conveyancing panel requirements.
For 5 years I had a mortgage with New Life Mortgages. My godfather retired last week and wants to pay off the mortgage left on the property. After New Life Mortgages is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the New Life Mortgages conveyancing panel? I do not intend to live at the property once the New Life Mortgages mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the New Life Mortgages panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Other Topics
Transfer of Equity for New Life MortgagesPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors