Find a Law Firm approved by Newbury Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Newbury Building Society list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Newbury Building Society
Conveyancing Panel
Newbury Building Society Solicitor Panel Recently Asked Questions
I am getting a offer of a mortgage from Newbury Building Society. I hope to enlist the help of a Licensed Conveyancer. Does the Newbury Building Society Solicitor panel allow for conveyancers regulated by the CLC
Newbury Building Society’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am buying a newly built flat and my conveyancer is telling me that she has to reveal incentives from the builder as her firm is on the Newbury Building Society conveyancing panel. I am nearing the developer’s deadline to sign contracts and my preference is not to delay matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Newbury Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newbury Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your database of lawyers on the Newbury Building Society conveyancing panel? Do Newbury Building Society send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Newbury Building Society conveyancing panel as opposed to being supplied with a list from Newbury Building Society directly.
I am considering applying for a Newbury Building Society mortgage for purchase of a newly converted (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Newbury Building Society?
In theory, you could use a solicitor that is not on Newbury Building Society conveyancing panel, but Newbury Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is it the case that all conveyancing solicitors on the Newbury Building Society conveyancing panel work on a no move no charge basis?
On the whole there are 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 package
Can I be sure that the solicitor on the Newbury Building Society panel is any good?
Getting recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing
My brother and I are purchasing a garden flat in Hendon. Conveyancing solicitors in Hendon need to beretained. My brokersuggested that we enquire that the solicitor in Hendon is on the Newbury Building Society approved list of lawyers. Is this really necessary?
Far from all Hendon conveyancing practices are on the Newbury Building Society conveyancing panel. 8 people a month use our search tool to find a Hendon conveyancing lawyer on the on the Newbury Building Society list of approved conveyancing firms.