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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
Common questions asked concerning the Newcastle Building Society Solicitor Panel
My financial adviser has asked me for my solicitor’s panel reference for the Newcastle Building Society conveyancing panel. Can you suggest how I obtain this. I have contacted my local Newcastle Building Society office but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Newcastle Building Society.
Our solicitor has uncovered a defect with the lease for the flat we are buying. The other side have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that as he is on the Newcastle Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Newcastle Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Newcastle Building Society are the client. 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). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Newcastle Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Whilst your website is a good idea there are many lawyers listed near Hackney on the Newcastle Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Newcastle Building Society approved panel?
We are not in the business of recommending one firm above another 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..
I am thinking of refinancing my apartment does my lawyer need to be on the Newcastle Building Society Conveyancing panel?
In theory, you could use a solicitor that is not on Newcastle Building Society conveyancing panel, but Newcastle Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Newcastle Building Society conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel approval 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 firms.
My brother and I have had an offer accepted on a house I spoke to a lawyer previously used by my mum and he suggested 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.
Enquire of 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.
After much negotiation I have agreed a price on an apartment. My mortgage broker recommended their conveyancers I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Newcastle Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Newcastle Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.