Find an Approved Solicitor on the Newbury Building Society
Newbury Building Society Conveyancing Panel Recently Asked Questions
My Conveyancer has never been on on the Newbury Building Society Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the Newbury Building Society panel of approved conveyancing solicitors?
You have a number of options available to you here:
- Carry on with your existing lawyers but Newbury Building Society will need to instruct a lawyer on the Newbury Building Society 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 Newbury Building Society conveyancing panel.
- Urge your lawyer to apply to join the Newbury Building Society lender panel
My fiance and I changing mortgage lender for our maisonette with Newbury Building Society. We have a son 18 who lives with us. The solicitor on the Newbury Building Society conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this form unique to the Newbury Building Society conveyancing panel as he never had to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Newbury Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Newbury Building Society .This is solely used to protect the Newbury Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Newbury Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I see that you have a search directory identifying law firms on the Newbury Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Newbury Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Liverpool, FTBs buying with a mortgage (lender is Newbury Building Society , but our solicitor is on the Newbury Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Newbury Building Society 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
When it comes to mortgage companies such as Newbury Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Newbury Building Society 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 Newbury Building Society your lawyer must to check the Newbury Building Society conveyancing instructions contained in the Part of CML Handbook for Newbury Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Newbury Building Society 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.
Sometime soon me and my wife are taking a long lease of a terraced house in Hendon. Conveyancing solicitors in Hendon are about to beretained. My friendadvised that we enquire that the conveyancer in Hendon is on the Newbury Building Society approved list of lawyers. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing solicitors are on the Newbury Building Society conveyancing panel. 5 people a month use our search tool to find a Hendon conveyancing firm
on the on the Newbury Building Society approved list of lawyers.
Transfer of Equity for Newbury Building Society
Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors