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approved by Newcastle BS
Ready to buy a new home? Failing to check that a lawyer is on the Newcastle BS 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 Newcastle Building Society Conveyancing Panel? How can my firm be reinstated onto the Newcastle Building Society Conveyancing Panel?
Find an Approved Solicitor on the Newcastle Building Society Conveyancing Panel
FAQs : The Newcastle Building Society Conveyancing Panel
Is there a reason why all solicitors are not on the Newcastle Building Society Solicitor panel?
Newcastle Building Society and other mortgage companies normally imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that Newcastle Building Society have no responsibility for the quality of advice provided by any member of Newcastle Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.
We are getting closer to an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Newcastle Building Society. Apparently, being on the Newcastle Building Society conveyancing panel and acting on their behalf he must inform Newcastle Building Society if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Newcastle Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Newcastle Building Society if you agree, failing which, your lawyer must cease to continue acting.
I am buying a house and need a conveyancing solicitor in London who is on the Newcastle Building Society conveyancing. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Newcastle Building Society . We don’t recommend any particular firm.
I am attempting to get my former partner taken off the mortgage deeds. Can Newcastle Building Society really tell me which solicitor I can or can not use?
You can use any solicitor you like but Newcastle Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Newcastle Building Society solicitors panel
We expect to receive a DIP from Newcastle Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Newcastle Building Society recommend a solicitor on the Newcastle Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Newcastle Building Society conveyancing panel. The solicitor represents both you and the Newcastle Building Society through the process.
My brother and I have agreed a price on a apartment I spoke to a conveyancer previously used by my uncle and he suggested using a property lawyers 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.
My offer was accepted on a property on the 12th March 2014, valuation was booked 2 days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Newcastle Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Newcastle Building Society conveyancing panel. Are Newcastle Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Newcastle Building Society to deal with your lawyers application to be on the Newcastle Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.