Newbury Mortgage Services Conveyancing Lender Panel Compliance Tool

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Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Newbury Mortgage Services’s changes. Notwithstanding that using the tool is not a prerequisite for Newbury Mortgage Services , demonstrating you can remain up to date with Newbury Mortgage Services’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel standing.

The software generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Newbury Mortgage Services

Mortgage companies frequently vary their requirements. The BSA instructions from Newbury Mortgage Services are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2010, Newbury Mortgage Services has made 21 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 130.0 days. In total, 11% of the sections of the BSA Requirements for Newbury Mortgage Services have been changed since 26/1/2010.

To find out more about lender panel compliance,

Newbury Mortgage Services Solicitor Panel Example Support Desk Enquires from members of the public

On what basis would a firm of solicitors be excluded from the Newbury Mortgage Services approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The most common reasons in order are :
  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. We are not aware of the specific or common criteria for removal by Newbury Mortgage Services
My conveyancer has discovered an inconsistency between the information in Newbury Mortgage Services’s valuation report and what is revealed within the title deeds. My solicitor says that as he is on the Newbury Mortgage Services conveyancing panel he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
A precondition to being on the Newbury Mortgage Services approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newbury Mortgage Services) 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 you.
Are there any apps to help search for a local solicitor on the Newbury Mortgage Services conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
You can use the find a conveyancing panel search on this page. 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 Newbury Mortgage Services solicitor panel.
I am attempting to get my ex-wife taken off the mortgage deeds. Can Newbury Mortgage Services really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Newbury Mortgage Services 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 Newbury Mortgage Services solicitors panel
Is it the case that all conveyancing solicitors on the Newbury Mortgage Services conveyancing panel overseen 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 had instructed online solicitors located in Birmingham who are on the Newbury Mortgage Services solicitor panel. They are now charging me a separate fee of £135 for dealing with the Newbury Mortgage Services mortgage. Is this a supplemental conveyancing fee set by Newbury Mortgage Services?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Newbury Mortgage Services but by your lawyers. Some firms on the Newbury Mortgage Services will charge an ‘acting for lender’ fee and others do not.
My offer on house has been accepted, but there is a chain. 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? At what point should I appy for the mortgage 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.

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