Find an Approved Solicitor on the Newcastle Building Society
FAQs : The Newcastle Building Society Solicitor Panel
I instructed a solicitor to work on my remortgage 5 weeks ago having applied for a mortgage with Newcastle Building Society. The law firm confirmed to me that they are on Newcastle Building Society conveyancing panel and provided me their panel number. Newcastle Building Society then ,via my broker advised 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 listed on the conveyancing panel for Newcastle 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 Newcastle Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Newcastle Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My lawyer has uncovered a difference when comparing the information in Newcastle Building Society’s home valuation survey and what is in the title deeds. My lawyer says that as he is on the Newcastle Building Society conveyancing panel he needs to check that the bank is with this discrepancy and is content go ahead. Is my conveyancer’s course or action right?
A precondition to being on the Newcastle Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newcastle Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Do I have to have a meeting at the offices of the Newcastle Building Society conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Leeds
so that I can pop in to their offices when needed.
As opposed to 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Leeds
I was supposed to move into my first house last Thursday. My lawyer’s firm is on the Newcastle Building Society conveyancing panel but has changed address 8 weeks ago and had not informed Newcastle Building Society of their new address. Newcastle Building Society is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Newcastle Building Society branch or your mortgage broker to see if they can assist.
Is it the case that all solicitor firms on the Newcastle Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Newcastle Building Society 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).
We are getting a further advance on our mortgage from Newcastle Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Newcastle Building Society conveyancing panel to deal with the paperwork?
Newcastle Building Society would not normally instruct a member of 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 Newcastle Building Society panel
I have had an offer accepted on a house I spoke to a solicitor recommended by my dad and he recommended retaining a law firm approved by Newcastle Building Society. The estate agent recommended two local firms so I asked Newcastle Building Society if the 2 suggested solicitors are approved, which they are not. Newcastle Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Newcastle Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Newcastle Building Society for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Newcastle Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Newcastle Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Newcastle Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
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