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Building society's solicitor
Chin
Posts: 146 Forumite
Just had all our mortgage paperwork through and it seems our lenders solicitor/legal representative are the same soliciting firm we are using for the purchase process.
Is this a massive coincidence??
Are there any advantages of this to us?
Just seems odd of all the solicitors/legal practices in the UK it's the same one...
Cheers
Is this a massive coincidence??
Are there any advantages of this to us?
Just seems odd of all the solicitors/legal practices in the UK it's the same one...
Cheers
0
Comments
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The solicitor will represent both your interests and that of the lender. Standard practice.0
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Thanks for clarifying.
I'll get my coat...0 -
Lenders normally use the same solicitor. The only time they tend to instruct a different one is if yours isn't on their panel.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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It is better for you if the solicitor acts for both as it would cost more if your solicitor was not on the lender panel and they appointed their own. You would then be liable for 2 sets of fees.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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