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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.
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How does my firm apply to be on the Newbury Building Society Conveyancing Panel? How can my firm be reinstated onto the Newbury Building Society Conveyancing Panel?Find an Approved Solicitor on the Newbury Building Society Conveyancing Panel
Newbury Building Society Conveyancing Panel : Questions and Answers
I instructed a solicitor to carry out on my purchase 5 weeks ago having applied for a mortgage with Newbury Building Society. The law firm confirmed to me that they are on Newbury Building Society conveyancing panel and provided me their panel number. Newbury Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for Newbury Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Newbury Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Newbury Building Society as to how long they think it will take to get the firm to get back on the panel.
Can you help?. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Newbury Building Society was issued random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My solicitor has advised that as she is on the Newbury Building Society conveyancing panel she needs to reorder the searches as they are no longer valid.
A precondition to being on the Newbury Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Newbury Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Newbury Building Society.
I note that you have a post code search directory listing solicitors on the Newbury Building Society conveyancing panel. Do firms pay you a referral fee if I retain them for my house purchase?
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 Birmingham, First timers buying with a mortgage (lender is Newbury Building Society , but our lawyer 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
We are getting a further advance on our mortgage from Newbury Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Newbury Building Society conveyancing panel to deal with the legals?
Newbury Building Society would not normally instruct firms on 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 Newbury Building Society list
Can I register a complaint to Newbury Building Society about the lawyers being on the Newbury Building Society conveyancing panel?
There is little point in complaining directly to Newbury Building Society. Every solicitor firm and conveyancer must have a complaints procedure. Usually one can find this 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.
I am selling my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Newbury Building Society are being a right pain. The solicitor who is on the Newbury Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Newbury Building Society are requiring a building regulation certificate. Why do Newbury Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Newbury Building Society have referred the matter to their valuer. The reason why Newbury Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.