Looking for information about your firm's panel status?
Newbury Mortgage Services Solicitor Panel Information:
What are the Newbury Mortgage Services conveyancing panel criteria?
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.
You must also comply with the terms and conditions of your Newbury Mortgage Services solicitor panel appointment.
Are Newbury Mortgage Services Conveyancing panel solicitors exposed to the possibility of the society amending or withdrawing the mortgage offer?
Newbury Mortgage Services ‘s answer to this question can be found at section B.3 of their BSA specific requirements
I am on the Newbury Mortgage Services conveyancing panel. Can I get an archived copy of Newbury Mortgage Services Specific Requirements from the BSA?
The BSA, as is the case with the CML do not retain historic of Specific Requirements. The BSA recommend you make a request of Newbury Mortgage Services direct.
Can my practice submit a complaint to the BSA about being removed excluded suspended from the Newbury Mortgage Services conveyancing panel?
The BSA is an association rather than a regulator and therefore cannot investigate complaints against lenders. You can of course contact us to see if we can assist.
Does the fact that my practice has signed up to LENDERmonitor Alerts assist in my application to join the Newbury Mortgage Services conveyancing panel?
The requirements to join the Newbury Mortgage Services conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
A recent SRA survey reveals that three quarters of solicitors have been removed or threatened with removal from a lender conveyancing panel. Newbury Mortgage Services and other building societies have restricted their panel over the years. Why?
The feeling from lenders generally (we can not speak for Newbury Mortgage Services specifically), is that for too long
solicitors have concentrated on their duty of care to their purchasing
client, and have paid scant attention to the duty they owe to the
lender, whom they conveniently forget is also their client.
Looking from the lenders’ perspective, it has to be said that there are pressures to encourage smaller panels. The Financial Services Authority regards the open panel system as a major contributor to mortgage fraud and negligence cases, and has been leaning on lenders to move to proactive panel management, which is more expensive the larger the panel. Hence it is becoming more common for lenders to charge fees, and/or require extensive form-filling, from would-be panel members
Newbury Mortgage Services and other BSA lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced.
I have been a sole practitioner for over 30 years without a single claim against me and have been refused acceptance on the Newbury Mortgage Services conveyancing panel with no explanation. Am I not entitled to know why?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the Newbury Mortgage Services conveyancing panel
to see if you are entitled to a reason.
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:
Find a Lawyer on the Newbury Mortgage Services Approved Conveyancing Solicitors Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Newbury Mortgage Services
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Newbury Mortgage Services Firms
- Draft Report on Title precedent for Newbury Mortgage Services borrowers
- Draft Anti Money Laundering PolicyTemplate for Newbury Mortgage Services panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Newbury Mortgage Services lender panel
- Buy-to-Let help for Newbury Mortgage Services
- Consent-to-Let help for Newbury Mortgage Services
- Contractor Mortgages with Newbury Mortgage Services
