Examples of recent questions relating to the Newcastle Building Society Conveyancing Panel
from members of the public
We are purchasing a 1 bedroom apartment in London with a mortgage from Newcastle Building Society. We would like to retain our lawyer but Newcastle Building Society says he's not on their "panel". It seems we have little choice but to instruct one of the Newcastle Building Society panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Newcastle Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Newcastle Building Society
I am purchasing a newly built apartment and my conveyancer is informing me that she is duty bound to disclose incentives from the builder as her practice is on the Newcastle Building Society conveyancing panel. I am on a tight deadline to exchange contracts and I would rather not delay the conveyancing. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Newcastle Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newcastle 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.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Newcastle Building Society solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I would like to get my former partner taken off the mortgage deeds. Can Newcastle Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Newcastle 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 Newcastle Building Society solicitors panel
Is it the case that all solicitor firms on the Newcastle Building Society conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Newcastle Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
My fiance and I are in the process of viewing flats and now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Newcastle Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Newcastle Building Society , make sure you remember to check that your lawyer is on the Newcastle Building Society conveyancing panel.
We are are acquiring a flat in Hendon. Conveyancing solicitors in Hendon need to begiven the go-ahead. My motherrecommended that we check that the solicitor in Hendon is on the Newcastle Building Society approved list of lawyers. Surely I don't need to do this, do I?
Far from all Hendon conveyancing practices are on the Newcastle Building Society conveyancing panel. Use the above search tool to locate a Hendon conveyancing practitioner
on the on the Newcastle Building Society approved list of lawyers.