Royal Bank of Scotland -Natwest One Solicitor Panel Example Support Desk Enquires
from members of the public
My lawyer has never been on on the Royal Bank of Scotland -Natwest One Approved Panel. Can I still retain my preferred solicitor even though they are not on the Royal Bank of Scotland -Natwest One approved list?
You will need to have a conveyancer complete the legal work required when you take out a Royal Bank of Scotland -Natwest One mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Royal Bank of Scotland -Natwest One conveyancing panel additional costs will be incurred as separate legal representation will be required by Royal Bank of Scotland -Natwest One. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are only a couple days away from an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Royal Bank of Scotland -Natwest One. Apparently, being on the Royal Bank of Scotland -Natwest One conveyancing panel and acting on their behalf he must inform Royal Bank of Scotland -Natwest One if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Royal Bank of Scotland -Natwest One to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Royal Bank of Scotland -Natwest One if you agree, failing which, your lawyer must cease to continue acting.
Is it necessary during the course of the conveyancing process to pop into the offices of the Royal Bank of Scotland -Natwest One conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Bristol
so that I can pop in to their offices if necessary.
As opposed to twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol
My aunt passed away last year and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Royal Bank of Scotland -Natwest One , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Royal Bank of Scotland -Natwest One will insist on your using a conveyancer on the Royal Bank of Scotland -Natwest One conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Royal Bank of Scotland -Natwest One conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Royal Bank of Scotland -Natwest One mortgage is registered as a charge at the Land Registry.
How can we tell if a solicitor on the Royal Bank of Scotland -Natwest One panel is any good?
obtaining recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer carrying out your conveyancing
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Royal Bank of Scotland -Natwest One. Is it possible to avoid using solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Royal Bank of Scotland -Natwest One involved you will need to appoint a solicitor on the Royal Bank of Scotland -Natwest One 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 Royal Bank of Scotland -Natwest One. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Royal Bank of Scotland -Natwest One conveyancing panel.
My existing mortgage is with Royal Bank of Scotland -Natwest One. My father has just retired and wants to pay off the mortgage left on the property. After Royal Bank of Scotland -Natwest One 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 Royal Bank of Scotland -Natwest One conveyancing panel? I do not intend to live at the property once the Royal Bank of Scotland -Natwest One mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Royal Bank of Scotland -Natwest One 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. There's no capital gains tax for you as it is
your main residence.