My financial adviser requires my Norwood lawyer’ panel reference for the Nat West conveyancing panel. Can you suggest how I discover this. I have contacted my local Norwood office but they cant find it on their system.
Have you tried calling your Norwood lawyer about this?. Most Norwood conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
We were just about to exchange contracts for a freehold house in Norwood. We have hit a problem. The mortgage offer with The Royal Bank of Scotland expires on 16/1/2026 but the owners are putting forward a completion date of 20/1/2026. Is it possible to prolong the mortgage expiry date?
The person best placed to address this issue is your solicitors who should assess whether he or she is corresponding with the bank, vendor’s conveyancers, property agents or possibly all parties based on the circumstances your transaction as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Norwood? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Norwood. However these days you can not proceed with any conveyancing process without first submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Remember if you are supplying your driving licence as proof of ID it must be both the paper section and photo card part, one is not sufficient without the other.
Verification of your source of monies is mandated in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must have this information on record. Your Norwood conveyancing solicitor will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional questions concerning the origin of monies.
I am being told by my solicitor that lack of right of way insurance is needed on my purchase. What is the level of cover for Norwood conveyancing?
The appropriate level of lack of right of way indemnity insurance depends on your lender. It would differ for example between National Westminster Bank and Chelsea Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
Is it correct that all Norwood CQS (Conveyancing Quality Scheme) solicitors are on the Aldermore conveyancing panel?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
I recently had an offer agreed on a house in Norwood. My financial adviser recommended their conveyancers. I paid an on account payment of £175. Soon after, the lawyer called me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Norwood differ for new build properties?
Most buyers of new build residence in Norwood contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Norwood typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Norwood or who has acted in the same development.
Myself and my fiance have just had an offer agreed on a house and had an appointment on Tuesday with Nationwide for the mortgage. They advised us that when it comes to selecting a property lawyer that if they are not on their approved list of lawyers then we will incur an additional charge of £250+. This is is due to the fact that they would then have to select a property lawyer to act for them as well as the one we choose to act on our behalf and we assume responsibility for their costs. I have asked Nationwide to furnish me with a list so I can seek estimates only from their approved solicitors but was told they dont have such a list to hand over. Is there a list online?
Ask Nationwide what their panel criteria is for a conveyancer.Thereafter ask the property lawyer of your choice whether they meet the criteria and have they acted on mortgages for Nationwide previously. If the answer to those is yes, then just clarify this with Nationwide. Another option is to utilise our search tool and we may be able to identify a conveyancing practitioner in Norwood on the approved list for Nationwide.