Newcastle Building Society Conveyancing Panel Sample Enquires to our Call Center from members of the public
I am getting a mortgage with Newcastle Building Society. my intention is to employ the services of a Licensed Conveyancer. Does the Newcastle Building Society Solicitor panel include Licensed Conveyancers
Newcastle Building Society’s conveyancing panel is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
can you help? My lawyer is advising me that he has to order a Local Authority search as the firm are on the Newcastle Building Society approved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Newcastle Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Newcastle Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Newcastle Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am purchasing a property and need a conveyancing solicitor in who is on the Newcastle Building Society approved. Could you point me in the right direction as regards a solicitor?
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 considering applying for a Newcastle Building Society mortgage for purchase of a newly converted (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Newcastle Building Society?
There is nothing to stop you using your solicitor but Newcastle Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My brother and I have agreed a price on a apartment I spoke to a conveyancer recommended by my mum and he advised retaining a solicitor 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 suggested 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.
Ask Newcastle Building Society for conveyancing panel firms in your area. Lenders have them all over the country. 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 a mortgage with Newcastle Building Society. My grandfather has just retired and wants to pay off my mortgage. After Newcastle Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Newcastle Building Society conveyancing panel? I do not intend to live at the property once the Newcastle Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Newcastle Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
Intending to buy a flat with a mortgage with Newcastle Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Newcastle Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Newcastle Building Society conveyancing panel