Find an Approved Solicitor on the Newbury Building Society
Newbury Building Society Solicitor Panel Recently Asked Questions
My lawyer is not listed on the Newbury Building Society Solicitor Panel. Can I still use my preferred solicitor even though they are not on the Newbury Building Society list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Newbury Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Newbury Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Newbury Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My son is about to exchange on a new build apartment with a home loan from Newbury Building Society. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form 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 surveyor 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.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Newbury Building Society conveyancing panel. My lawyer has said that they are on the Newbury Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Newbury Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Newbury Building Society solicitor panel.
We're in Birmingham, First timers purchasing 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
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?
As 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. Requirements for Scotland are due in the near future.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Newbury Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Newbury Building Society you will need to appoint a solicitor on the Newbury Building Society conveyancing panel.
The mortgage over my property is with Newbury Building Society. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Newbury Building Society?
You must advise Newbury Building Society in advance of renting your property as this is likely to be a breach of Newbury Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Newbury Building Society directly. You need not do this via a Newbury Building Society conveyancing panel lawyer.