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Find a Law Firm approved by Newbury Building Society
Find a Law Firm approved by Newbury Building Society

Find an Approved Solicitor on the Newbury Building Society Conveyancing Panel

Newbury Building Society Conveyancing Panel Recently Asked Questions

My wife and I are FTBs. Within the 48 hours our property lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. Newbury Building Society have this evening contacted us to inform me that there is now an issue as our conveyancer is not on their conveyancing panel. What do we do from here?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitors should contact Newbury Building Society and see if they can apply for membership of the Newbury Building Society conveyancing panel, but if that is not viable Newbury Building Society will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the Newbury Building Society conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.

My grandson is purchasing a newly built flat with a home loan from Newbury Building Society. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Newbury Building Society conveyancing panel as a standard part of the process, and to the valuer when asked.

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 Newbury Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Are there any apps to help find a local solicitor on the Newbury Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
You can use 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 Newbury Building Society solicitor panel.
My lawyers in Manchester have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Newbury Building Society. Is it case that being on the Newbury Building Society conveyancing panel they need to have retained the file for a number of years?
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 Newbury Building Society Conveyancing Panel Terms. It might be worth you contacting Newbury Building Society directly.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I hope to get a mortgage with Newbury Building Society. Is there anyway to cut out the solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Newbury Building Society involved you will need to appoint a solicitor on the Newbury Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Newbury Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Newbury Building Society conveyancing panel.
My fiance and I are at the point of viewing apartments and now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Newbury Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Newbury Building Society , ask your prospective lawyers check they are on the Newbury Building Society conveyancing panel otherwise they can't do the mortgage legal work.
Can I register a complaint to Newbury Building Society about the lawyers being on the Newbury Building Society conveyancing panel?
Complaining to Newbury Building Society about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.

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