Newbury Building Society Conveyancing Panel : Questions and Answers
from members of the public
My IFA has asked me for my law firm’s panel member for the Newbury Building Society conveyancing panel. What is the best way to obtain this. I have contacted my local Newbury Building Society office but they have not responded to me.
the sensible thing to do is ask for this information from your solicitor. 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 Newbury Building Society.
I am buying a new build apartment and my solicitor is telling me that she has to reveal incentives from the seller as her firm is on the Newbury Building Society conveyancing panel. The Estate Agents are hassling me to sign contracts and my preference is not to prolong deal. Can I insist on an exchange regardless of what my lawyer says about being on the Newbury Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Newbury Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newbury 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.
Your search tool is useful but there are many lawyers listed near Coventry on the Newbury Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Newbury Building Society ?
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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
The firm that I appointed last week on my house acquisition in London has suddenly closed. They were on acting for me because I had to have a firm on the Newbury Building Society conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Newbury Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist
I have agreed a price on a apartment I spoke to a lawyer previously used by my uncle and he advised using a property lawyers approved by Newbury Building Society. The estate agent recommended two local firms so I asked Newbury Building Society if the 2 suggested solicitors are approved, which they are not. Newbury Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Newbury 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 Newbury Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Newbury 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 Newbury Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Newbury 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.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Newbury Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Newbury 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?
As long as the conveyancer is on the Newbury Building Society panel she or he must comply with the CML Handbook requirements for Newbury Building Society. Unless your lawyer obtains specific confirmation in writing that Newbury 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 Newbury Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
My brother and I are taking a long lease of a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to begiven the go-ahead. My agentrecommended that we check that the property lawyer in Hendon is on the Newbury Building Society approved list of lawyers. Aren't all lawyers on the Newbury Building Society panel?
Far from all Hendon conveyancing firms are on the Newbury Building Society conveyancing panel. Click here to locate a Hendon conveyancing firm
on the on the Newbury Building Society solicitors pane.