Newbury Mortgage Services Conveyancing Panel Information

Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements. The Special Requirements state:

You must also comply with the terms and conditions of your Newbury Mortgage Services solicitor panel appointment.

The BSA, as is the case with the CML do not keep data sets of Specific Requirements. We would advise that you make a request of Newbury Mortgage Services directly.

No such training is arranged by the BSA although they do arrange a number of general conveyancing related conferences which are attended by firms on the Newbury Mortgage Services conveyancing panel. We do intend to run specific lender focused seminars in the near future including a webinar on Newbury Mortgage Services’s requirements . Solicitors on the Newbury Mortgage Services conveyancing panel are welcome . Information about the webinar will be communicated as part of the LENDERmonitor Alerts .

If you are a conveyancer and have a query about the Specific Requirements, you should make contact with Newbury Mortgage Services. The BSA will not advise or comment on specific queries relating to Newbury Mortgage Services or other lenders.

The Law Society of Scotland has suggested that solicitors should check their lender panel status before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the Newbury Mortgage Services conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com

We only know of a couple of lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain level. You should nevertheless check directly with Newbury Mortgage Services. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Newbury Mortgage Services

The BSA Mortgage Instructions don't specifically deal with Solar Panels but it would be prudent as approved solicitors for Newbury Mortgage Services to raise the issue with them (as you would if the UK Finance Lenders’ Handbook applied). In any event you need to raise the appropriate questions for your buyer client.

BSA lenders do not come within the top 20 lenders in terms of frequency of questions. The most popular lender panels in terms of questions are as follows:

• Santander Conveyancing Panel
• National Westminster Bank Conveyancing Panel
• Royal Bank of Scotland Conveyancing Panel
• HSBC Conveyancing Panel
• Lloyds Conveyancing Panel