Solicitor for Mortgage and Conveyancing

rtidrtid

hi all

i am a FTB and am struggling with solicitors.

so i've chosen a conveyance solicitor to work with the estate agents solicitor. i have not paid anything my solicitor yet.

on my mortgage application, i put down the conveyance solicitor i am using with the estate agent. however the mortgage company want to use their own solicitor, which i understand.

should i change my conveyance solicitor with the estate agent to match that of the mortgage application solicitor?

any help is appreciated.

Yorkie1

I'm assuming you're in England / Wales?

The mortgage lender will require a solicitor to act on its behalf. That solicitor must be on the lender's "panel".

Usually, the solicitor you instruct to do your own conveyancing will also be on the lender's panel so there is only one solicitor involved as far as you are concerned - they just have a dual role.

Do I understand you correctly in that:
a) you're using a solicitor introduced to you by the EA, and
b) that solicitor is not acceptable to the lender? i.e. the lender is therefore requiring a panel solicitor to be separately instructed?

There is no reason in principle for you to have to change your own solicitor, but I suspect that you would end up paying more overall if two sets of solicitors are involved.

How far down the process are you with your own solicitor? How long have they known which lender you are using - was it them who told you they couldn't act, or was it the lender? How much will they charge you for work already done, if you choose to uninstruct them?

I am not a conveyancing solicitor and so can't advise what you should do - hopefully others will be along to assist on that front - but hopefully I've explained a bit of the background to the situation I think you say you find yourself in.