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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.

Find an Approved Solicitor on the Newcastle Building Society Conveyancing Panel

FAQs for the Newcastle Building Society Conveyancing Panel

Is there a reason why all UK lawyers are not on the Newcastle Building Society Solicitor panel?
Before the recession most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
My wife and I changing mortgage lender for our apartment with Newcastle Building Society. We have a son 19 who lives with us. The solicitor on the Newcastle Building Society conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have two questions (1) Is this document specific to the Newcastle Building Society conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Newcastle Building Society .This is solely used to protect the Newcastle Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Newcastle Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I need to find a Newcastle Building Society panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a Newcastle Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Newcastle Building Society to find out which solicitors in Newcastle Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
We're in Birmingham, First time buyers buying with a mortgage (lender is Newcastle Building Society , but our lawyer is on the Newcastle Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Newcastle 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
How can we tell if a solicitor on the Newcastle Building Society panel is any good?
seeking recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your conveyancing
In what circumstances might Newcastle Building Society amend or withdraw their mortgage offer?
Banks and Building Societies such as Newcastle Building Society can withdraw their mortgage offer although this is unusual. If Newcastle Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are many potential reasons but here are a few examples:
  • Where information comes to Newcastle Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Newcastle Building Society conveyancing panel solicitors would be obliged to notify Newcastle Building Society of a change in the price of the property.
  • Where to proceed with the Mortgage offer would be unlawful
  • Where the Lender’s right to possession is fettered in some way
  • If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
My fiance and I are spending time viewing houses and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I will be getting a mortgage with Newcastle Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Newcastle Building Society , ask your prospective lawyers check they are on the Newcastle Building Society conveyancing panel otherwise they can't do the mortgage legal work.