Examples of recent questions relating to the National Westminster Bank Solicitor Panel from members of the public
I need to swap lawyers as my lawyer is not on the National Westminster Bank panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
I am due to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for National Westminster Bank. What does the insurance need to cover?
All property lawyers on the National Westminster Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in National Westminster Bank’s Part 2 requirements of the CML Handbook (last updated on National Westminster Bank). Being on the National Westminster Bank conveyancing panel your lawyer is expect to follow these requirements.
How do I find a local solicitor on the National Westminster Bank conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the National Westminster Bank solicitor panel.
My grandmother passed away last year and as sole heir and executor was left the property. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to National Westminster Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then National Westminster Bank will insist on your using a conveyancer on the National Westminster Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your National Westminster Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the National Westminster Bank mortgage is registered as a charge at the Land Registry.
In what circumstances might National Westminster Bank amend or withdraw their mortgage offer?
Lenders such as National Westminster Bank can withdraw their mortgage offer although this rarely happens. should National Westminster Bank withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a number of examples:
- National Westminster Bank may amend or withdraw an offer if the National Westminster Bank conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- If the borrower informs National Westminster Bank of a change in the loan amount agreed
- Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that National Westminster Bank conveyancing panel solicitors would be obliged to notify National Westminster Bank of a change in the price of the property.
- Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
- Where the lender has to take account a recent change in taxation
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with National Westminster Bank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the National Westminster Bank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with National Westminster Bank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
My husband and I are acquiring a house in Hendon. Conveyancing solicitors in Hendon need to beretained. My agentrecommended that we double-check that the conveyancer in Hendon is on the National Westminster Bank panel. Surely I don't need to do this, do I?
Not all Hendon conveyancing practices are on the National Westminster Bank conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing practitioner on the on the National Westminster Bank solicitors pane.
