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approved by National BS
Ready to buy a new home? Failing to check that a lawyer is on the National BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the National Counties Building Society Conveyancing Panel? How can my firm be reinstated onto the National Counties Building Society Conveyancing Panel?Find an Approved Solicitor on the National Counties Building Society Conveyancing Panel
FAQs : The National Counties Building Society Conveyancing Panel
How easy is it to change a solicitor as I need to find one who is on the National Counties Building Society conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My lawyer has identified a discrepancy when comparing the surveyor’s assumptions in National Counties Building Society’s home valuation report and what is revealed within the legal papers for the property. My solicitor has advised that as he is on the National Counties Building Society conveyancing panel he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
A precondition to being on the National Counties Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on National Counties Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all mortgage companies provide you with an approved list of solicitors? How do you know who is on the National Counties Building Society conveyancing panel?
The firms themselves provide us confirmation that they are on the National Counties Building Society conveyancing panel as opposed to being supplied with a list from National Counties Building Society directly.
Can you clarify what the consequences are if my solicitor is suspended from the National Counties Building Society Solicitor panel before the completion date?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
We have a mortgage agreed in principle with National Counties Building Society. Solicitors have been appointed? How long does it take for National Counties Building Society to send the offer to our conveyancer
There is no definitive answer here. Have National Counties Building Society conducted the valuation? Have you advised National Counties Building Society as your lawyers details and checked that your lawyer is on the National Counties Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My fiance and I are in the process of viewing flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with National Counties Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with National Counties Building Society , ask your prospective lawyers check they are on the National Counties Building Society conveyancing panel otherwise they can't do the mortgage legal work.
Next month my fiance and I are purchasing a garden flat in Hendon. Conveyancing solicitors in Hendon are preferred to beretained. My colleagueadvised that we enquire that the solicitor in Hendon is on the National Counties Building Society list of approved conveyancing firms. Aren't all lawyers on the National Counties Building Society panel?
Far from all Hendon conveyancing solicitors are on the National Counties Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing solicitor on the on the National Counties Building Society solicitors pane.