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Using the same conveyancing company to sell and buy the same house?? Is it possible?

skipfeeney
skipfeeney Posts: 132 Forumite
Part of the Furniture 10 Posts Name Dropper Combo Breaker
in House buying, renting & selling
Hi All,

I am buying a house off my friend who is in financial difficulty. He can't afford the legal fees for the sale and has asked me to sort it iut. I am just about to start getting conveyancing quotes.

Is it possible for me and him to use the same company? and would it be cheaper?

Thanks

Comments

  • timmyt
    timmyt Posts: 1,628 Forumite
    not cheaper, and depends who you use. a solicitor firm could not act for you both in the same office unless you were established clients and both consented and no conflict of interest exists.
    My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:

    My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Not advisable, usually not possible (as timmy says), and almost certainly not cheaper!

    Has he got a mortgage? (I guess yes if he's in financial trouble). If not he could DIY the conveyancing perhaps?

    Or you could increase the amount you pay for the house or give him a cheque for the amount of the conveyancing.......

    If he shops around for conveyancers tell him to compare quotes very carefully.
  • westv
    westv Posts: 6,613 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It is possible for different solicitors within the same office to act for vendor and purchaser - I have done so in the past. However, as mentioned, there is unlikely to be any cost saving
  • timmyt
    timmyt Posts: 1,628 Forumite
    edited 27 July 2011 at 11:29PM
    G_M wrote: »
    Not advisable, usually not possible (as timmy says), and almost certainly not cheaper!

    Has he got a mortgage? (I guess yes if he's in financial trouble). If not he could DIY the conveyancing perhaps?

    Or you could increase the amount you pay for the house or give him a cheque for the amount of the conveyancing.......

    If he shops around for conveyancers tell him to compare quotes very carefully.

    I think...but it would take some time to research.... that legal execs cannot act on both sides except in controlled circumstances but licensed conveyancers can always - that says it all in my view, as the rule is there to ensure the best possible indepedent advice for a client - any idea if LCs can act for both GM?

    - sorry it is late, my typing is even worse than it usually is
    My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:

    My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    timmyt wrote: »
    I think...but would take some time to research, that legal execs cannot either, but licensed conveyancers can - says it all personally - any idea GM?
    sorry timmy - even by your own standards that post is incomprehensible!

    What exactly are you asking me????
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    G_M wrote: »
    sorry timmy - even by your own standards that post is incomprehensible!

    What exactly are you asking me????
    A question, I presume. :rotfl::rotfl::rotfl:
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Now that you've edited your post timmy:
    any idea if LCs can act for both GM?
    No.

    But I'd advise buyers/sellers to avoid using the same conveyancer whether using a solicitor, Licenced Conveyancer, Legal Executive, or ...even myself.
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