FAQs : The Newcastle Building Society Solicitor Panel from members of the public
On what basis could a firm of solicitors be excluded from the Newcastle Building Society approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms 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
My son is purchasing a newly built flat with a home loan from Newcastle Building Society. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Newcastle Building Society conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Newcastle Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I see that you have a post code search directory listing law firms on the Newcastle Building Society conveyancing panel. Do firms pay you a commission if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Newcastle Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am attempting to get my ex-husband taken off the mortgage deeds. Can Newcastle Building Society really insist on 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
We have a mortgage agreed in principle with Newcastle Building Society. Solicitors have been chosen? How long does it take for Newcastle Building Society to send the offer to our conveyancer
There is no definitive answer here. Have Newcastle Building Society conducted the valuation? Have you advised Newcastle Building Society as your lawyers details and checked that your lawyer is on the Newcastle Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My husband and I are at the point of looking at flats and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with Newcastle Building Society
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. 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.
I am currently in the process of buying my council flat. I have a mortgage agreed with Newcastle Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Newcastle Building Society you will need to appoint a solicitor on the Newcastle Building Society conveyancing panel.
