Common questions asked concerning the National Counties Building Society Solicitor Panel
from members of the public
I instructed a law firm to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with National Counties Building Society. The law firm assured me that they are on National Counties Building Society conveyancing panel and gave me their panel reference. National Counties Building Society then told me that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the approved panel for National Counties Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the National Counties Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My conveyancer has uncovered an inconsistency when comparing the assumptions in National Counties Building Society’s valuation report and what is revealed within the legal papers for the property. My lawyer says that as he is on the National Counties Building Society conveyancing panel he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance correct?
A precondition to being on the National Counties Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on National Counties 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.
I require the services of a National Counties Building Society panel solicitor in Belfast. Can you assist?
Unfortunately it’s not apparent why you need a National Counties 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 National Counties Building Society to find out which solicitors in National Counties 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
I am attempting to get my ex-wife removed the mortgage deeds. Can National Counties Building Society really tell me which solicitor I can or can not retain?
You can use any solicitor you like but National Counties 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 National Counties Building Society solicitors panel
My wife and I have arranged a further advance on our mortgage from National Counties Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the National Counties Building Society conveyancing panel to deal with the legals?
National Counties Building Society do not ordinarily appoint a member of their approved list of lawyers 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 National Counties Building Society panel
We have a mortgage agreed in principle with National Counties Building Society. Solicitors have been chosen? How long does it take for National Counties Building Society to send the offer to our conveyancer
There is no definitive answer here. Have National Counties Building Society completed the survey? Have you advised National Counties Building Society as your lawyers details and checked that your lawyer is on the National Counties Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I have paid off my mortgage with National Counties Building Society. I assume I don't need a solicitor on the National Counties Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your National Counties Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the National Counties Building Society mortgage from the register. National Counties Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the National Counties Building Society has sent the Land Registry the discharge electronically, and
the National Counties Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your National Counties Building Society mortgage has been paid off.