Newcastle Building Society Conveyancing Lender Panel Compliance Tool

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. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Newcastle Building Society’s changes. Even though utilising the software is not a condition for being on the Newcastle Building Society panel, demonstrating you can stay up to date with Newcastle Building Society’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel status.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to a PII saving.

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Mortgage companies frequently change their requirements. The BSA instructions from Newcastle Building Society 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, Newcastle Building Society has made 102 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 26.8 days. In total, 28% of the sections of the BSA Requirements for Newcastle Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
C.12 13/03/2018 BSA
C.12 23/03/2016 BSA
A.10 21/03/2016 BSA
C.10 11/08/2015 BSA
D.12 11/08/2015 BSA
A.12 03/08/2015 BSA
B.22 30/01/2014 BSA
D.32 30/01/2014 BSA
F.9 30/01/2014 BSA
B.3 30/01/2014 BSA

Last update 03/11/2018

Newcastle Building Society Solicitor Panel Example Support Desk Enquires from members of the public

My financial adviser has has requested my lawyer’ panel member for the Newcastle Building Society conveyancing panel. Can you suggest how I obtain this. I have called my local Newcastle Building Society branch but they have not responded to me.
Have you tried speaking to your lawyer about this?. 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 Newcastle Building Society.
Can you clarify something for me?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Newcastle Building Society was date stamped random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My solicitor informs me that as she is on the Newcastle Building Society conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the Newcastle Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Newcastle Building Society)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Newcastle Building Society.
I am purchasing a flat and need a conveyancing solicitor in who is on the Newcastle Building Society conveyancing. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Newcastle Building Society . We don’t recommend any particular firm.
I am mortgaging my home does my lawyer need to be on the Newcastle Building Society Conveyancing panel?
In theory, you could use a solicitor that is not on Newcastle Building Society conveyancing panel, but Newcastle Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My brother and I have had an offer accepted on a apartment I spoke to a solicitor recommended by my brother and he advised retaining a property lawyers approved by Newcastle Building Society. The estate agent recommended two local firms so I asked Newcastle Building Society if the 2 suggested solicitors are approved, which they are not. Newcastle Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Newcastle 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 Newcastle Building Society 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 Newcastle 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 Newcastle Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Newcastle 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.
I have today made my last payment due on mortgage with Newcastle Building Society. I assume I don't need a solicitor on the Newcastle Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Newcastle Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Newcastle Building Society mortgage from the register. Newcastle Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Newcastle Building Society has sent the Land Registry the discharge electronically, and the Newcastle Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Newcastle Building Society mortgage has been paid off.
Newcastle Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Newcastle Building Society or your broker and complete any relevant paperwork. Newcastle Building Society will tell you what documents they want. Newcastle Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Newcastle Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.