Q and A’s regarding the Newbury Mortgage Services Solicitor Panel from members of the public
Am I correct in assuming that the fact that my conveyancer is not isted on the Newbury Mortgage Services Solicitor panel that there is a problem with the quality of his work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Newbury Mortgage Services.
Our lawyer is asking me for proof of ID documents asserting that this forms part of his legal duty as a solicitor on the Newbury Mortgage Services Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Newbury Mortgage Services also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Newbury Mortgage Services CML Handbook requirements last updated on Newbury Mortgage Services
I require the services of a Newbury Mortgage Services panel solicitor in Belfast. Could you help me?
It is not clear why you need a Newbury Mortgage Services panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Newbury Mortgage Services to find out which solicitors in Newbury Mortgage Services are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am purchasing a terraced house and getting a mortgage with Newbury Mortgage Services. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Newbury Mortgage Services conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Newbury Mortgage Services conveyancing panel in your location.
Are all conveyancing solicitors on the Newbury Mortgage Services conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Newbury Mortgage Services conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have agreed a price on a flat I spoke to a conveyancer previously used by my dad and he suggested retaining a law firm approved by Newbury Mortgage Services. The estate agent recommended two local firms so I asked Newbury Mortgage Services if the 2 suggested solicitors are approved, which they are not. Newbury Mortgage Services pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Newbury Mortgage Services 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Newbury Mortgage Services 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 Newbury Mortgage Services 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 Mortgage Services conveyancing panel as it may only take about 2-3 weeks. As long as they meet Newbury Mortgage Services’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.
At last I have had an offer on an apartment 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 in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Newbury Mortgage Services?
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 Newbury Mortgage Services 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 Newbury Mortgage Services and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.