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approved by Newbury Mortgage Services
Ready to buy a new home? Failing to check that a lawyer is on the Newbury Mortgage Services list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Newbury Mortgage Services Ltd Conveyancing Panel? How can my firm be reinstated onto the Newbury Mortgage Services Ltd Conveyancing Panel?Find an Approved Solicitor on the Newbury Mortgage Services Ltd Conveyancing Panel
Examples of recent questions relating to the Newbury Mortgage Services Conveyancing Panel
For what reasons would a firm of solicitors be removed from the Newbury Mortgage Services solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Newbury Mortgage Services
Our solicitor has requested from me personal identification documents stating that this forms part of his requirements as a conveyancer on the Newbury Mortgage Services Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Newbury Mortgage Services your lawyer also has to check ID documents to satisfy Newbury Mortgage Services
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Newbury Mortgage Services conveyancing panel. My lawyer has said that they are on the Newbury Mortgage Services 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 Mortgage Services 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 Mortgage Services solicitor panel.
I am purchasing a semi-detached house and getting a mortgage with Newbury Mortgage Services. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Newbury Mortgage Services conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Newbury Mortgage Services conveyancing panel in your location.
When it comes to mortgage companies such as Newbury Mortgage Services do solicitors have to be pay a fee to be on the list of approved solicitors?
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.
Planning on purchasing a flat with a mortgage with Newbury Mortgage Services. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Newbury Mortgage Services conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Newbury Mortgage Services conveyancing panel
Me and my partner are acquiring a house in Hendon. Conveyancing solicitors in Hendon are preferred to beretained. My agentsuggested that we double-check that the solicitor in Hendon is on the Newbury Mortgage Services solicitors panel. Is this really necessary?
Far from all Hendon conveyancing practices are on the Newbury Mortgage Services conveyancing panel. Use the above search tool to search for a Hendon conveyancing lawyer on the on the Newbury Mortgage Services solicitors pane.