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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.

Find an Approved Solicitor on the Newbury Mortgage Services Ltd Conveyancing Panel

FAQs for the Newbury Mortgage Services Conveyancing Panel

For what reasons could a firm of solicitors be removed from the Newbury Mortgage Services approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been removed from a lender panel. The top reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Newbury Mortgage Services
Our son-in-law is in the process of securing a new build apartment with a home loan from Newbury Mortgage Services. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Newbury Mortgage Services conveyancing panel as a standard part of the process, and to the valuer 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 Mortgage Services conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Whilst your website is a good idea there are many lawyers listed near London on the Newbury Mortgage Services conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Newbury Mortgage Services ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My house is up for sale and I have a buyer. Does my solicitor have to be on the Newbury Mortgage Services conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Newbury Mortgage Services conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Newbury Mortgage Services conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
Is it the case that all solicitor practices on the Newbury Mortgage Services conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Newbury Mortgage Services conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I am selling my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Newbury Mortgage Services are being pedantic. The solicitor who is on the Newbury Mortgage Services conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Newbury Mortgage Services are requiring a building regulation certificate. Why do Newbury Mortgage Services have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Newbury Mortgage Services have referred the matter to their valuer. The reason why Newbury Mortgage Services 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.