Looking for information about your firm's panel status?
Newcastle Building Society Solicitor Panel Information:
What are the Newcastle Building Society conveyancing panel arrangements?
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:
The Society outsources management of its conveyancing panel to Legal Marketing Services Limited (“LMS”).
Firms may apply for inclusion to the Society’s conveyancing panel by visiting www.lms.com/lenderpanels
You must also comply with the terms and conditions of your Newcastle Building Society solicitor panel appointment.
my firm is on the Newcastle Building Society conveyancing panel. Can I get an archived copy of Newcastle Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not keep copies of Specific Requirements. We would recommend you contact Newcastle Building Society direct.
An established client of mine is looking to acquire a semi detached house for
£835,250 in Kenton requiring a mortgage advance over GBP 440,000.
I am on the Newcastle Building Society conveyancing panel but do Newcastle Building Society have a separate approved panel when the advance is above 350k?
We only know of a couple of lenders that operate a distinct conveyancing panel where the mortgage advance is over a certain threshold.
You should nevertheless check directly with Newcastle Building Society. 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
Newcastle Building Society
Being on the Newcastle Building Society conveyancing panel how long am I expected to archive the original conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable
compliance with this requirement. As a firm on the Newcastle Building Society conveyancing panel you must allow Newcastle Building Society to conduct such reasonable audit of your
information security measures as Newcastle Building Society or their
agents may to ensure your compliance with your file retention
obligations.
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the Newcastle Building Society solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (broken down into sale)
- Average mortgage advance
- Buy to Let transactions
- Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. seen in person)
The Council of Mortgage Lenders Handbook includes instructions for a roof with a solar panel. Newcastle Building Society do not seem to have any similar obligations via the BSA Mortgage Instructions. Is this right?
The BSA Mortgage Instructions don't
specifically deal with Solar Panels but it would be prudent as
approved solicitors for Newcastle Building Society 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.
What lender panels do you receive the most questions about?
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:
My partners and I run a small firm on the Newcastle Building Society conveyancing panel. How can we advertise our practice as specialists in conveyancing in Hendon on the Newcastle Building Society panel?
7 borrowers attempt to locate a conveyancer on the Newcastle Building Society panel on a monthly basis in Hendon. The lenderpanel directory service team who will show you how your firm can be identified by those searching for conveyancing in Hendon.
Find a Lawyer on the Newcastle Building Society Solicitors Panel
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Average number of days to register title including a charge in favour of Newcastle Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | 16.0 |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Newcastle Building Society Firms
- Draft Report on Title precedent for Newcastle Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Newcastle Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Newcastle Building Society lender panel
- Buy-to-Let help for Newcastle Building Society
- Consent-to-Let help for Newcastle Building Society
- Contractor Mortgages with Newcastle Building Society
