Examples of recent questions relating to the Newcastle Building Society Conveyancing Panel from members of the public
For what reasons could a law firm be excluded from the Newcastle Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Newcastle Building Society
Much to my surprise my conveyancer has informed me that he requires ID documents saying that this is part of his legal duty as a solicitor on the Newcastle Building Society Conveyancing panel. This is news to me - can I refuse?
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 Newcastle Building Society 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 Newcastle Building Society CML Handbook requirements last updated on Newcastle Building Society
I need to find a Newcastle Building Society panel solicitor in Belfast. Could you help me?
It is not clear why you need a Newcastle Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Newcastle Building Society to find out which solicitors in Newcastle Building Society 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
My solicitors in Newcastle have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Newcastle Building Society. Is it case that being on the Newcastle Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Newcastle Building Society Conveyancing Panel Terms. It might be worth you contacting Newcastle Building Society directly.
is it true that all solicitors on the Newcastle Building Society conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Newcastle Building Society 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).
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Newcastle Building Society. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Newcastle Building Society involved you will need to appoint a solicitor on the Newcastle Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Newcastle Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Newcastle Building Society conveyancing panel.
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? When should I get the mortgage app going with Newcastle Building Society?
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 Newcastle Building Society 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 Newcastle Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
