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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?Is my firm on the Newcastle Building Society Conveyancing Panel? 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
I have been advised by my broker that I have to pay Newcastle Building Society fees if I use my own solicitor. How good are the Newcastle Building Society conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Newcastle Building Society panel?
Newcastle Building Society’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Newcastle Building Society will allow to act for them.
I am purchasing a brand new duplex and my lawyer is advising me that she has to disclose incentives from the builder as her firm is on the Newcastle Building Society conveyancing panel. I am under pressure to exchange contracts and I dont want to delay deal. Can I insist on an exchange regardless of what my lawyer says about being on the Newcastle Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. 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 Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I need to find a Newcastle Building Society panel solicitor in Stirling. Could you help me?
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. At a fee of one pound per month it is not expensive to register on the site
My house is up for sale and I have a buyer. Does my solicitor have to be on the Newcastle Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Newcastle Building Society 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 it true that all solicitors on the Newcastle Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Newcastle Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
It is not clear whether my mortgage offer requires a lease extension . I have called into my local branch Newcastle Building Society on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Newcastle Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Newcastle Building Society. Unless your lawyer obtains specific confirmation in writing that Newcastle Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Newcastle Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I had an offer accepted on a property on the 20th January 2014, valuation was booked 3 days after, all came back fine. Property lawyer appointed, so all that was missing 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. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage 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.