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approved by NewStreet

Ready to buy a new home? Failing to check that a lawyer is on the NewStreet list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the New Street Mortgages Conveyancing Panel

Common questions asked concerning the New Street Mortgages Conveyancing Panel

How easy is it to change a solicitor as I need to find one who is on the New Street Mortgages conveyancing panel. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Our solicitor has identified a problem with the lease for the flat we are buying. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the New Street Mortgages conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or New Street Mortgages?
Just because you have a mortgage offer from New Street Mortgages does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and New Street Mortgages are the client. The appropriate lender requirements have to be complied with by the New Street Mortgages conveyancing panel who has to balance acting for you and New Street Mortgages
I require the services of a New Street Mortgages panel solicitor in Inverness. Can you assist?
It is not clear why you need a New Street Mortgages panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to New Street Mortgages to find out which solicitors in New Street Mortgages are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to New Street Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then New Street Mortgages will insist on your using a conveyancer on the New Street Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your New Street Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the New Street Mortgages mortgage is registered as a charge at the Land Registry.
We are getting a further advance on our mortgage from New Street Mortgages as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the New Street Mortgages conveyancing panel to deal with the legals?
New Street Mortgages would not normally instruct a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the New Street Mortgages list
I have had an offer accepted on a flat I spoke to a solicitor previously used by my uncle and he recommended using a law firm approved by New Street Mortgages. The estate agent recommended two local firms so I asked New Street Mortgages if the 2 suggested solicitors are approved, which they are not. New Street Mortgages pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of New Street 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 Street Mortgages to suggest a law firm in your location. 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 Street 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 Street Mortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet New Street 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.
For 5 years I had a mortgage with New Street Mortgages. My father retired last week and wants to pay off my mortgage. After New Street Mortgages is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the New Street Mortgages conveyancing panel? I do not intend to live at the property once the New Street Mortgages mortgage is discharged.
You will need a solicitor but they need not be on the New Street Mortgages conveyancing 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. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.