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Nationwide mortgage with free valuation & conveyancing. Do I need a solicitor?
Leigh1987
Posts: 21 Forumite
Hello,
I have a decision in principle from Nationwide, they mentioned the mortgage came with a free valuation and free conveyancing. So do I need a solicitor? Or will Nationwide do everything a solicitor would do?
And if I do need a solicitor what's the best way to go about it, I'd rather not take one that the Estate Agents recommend because they've been a bit hopeless so far. Thank you for any advice in advance.
I have a decision in principle from Nationwide, they mentioned the mortgage came with a free valuation and free conveyancing. So do I need a solicitor? Or will Nationwide do everything a solicitor would do?
And if I do need a solicitor what's the best way to go about it, I'd rather not take one that the Estate Agents recommend because they've been a bit hopeless so far. Thank you for any advice in advance.
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Comments
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Excellent question, I wanna know too!0
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No. They give you one of their panel solicitors if you want the "fee-free" deal.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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You will need a solicitor too, but I would recommend finding your own local one. We went with nationwides solicitor and had a 'fee free' deal, yet still ended up paying more that £1k, and it could be a hassle getting hold of them and sorting out paper work as their office was down south and we live in the midlands x0
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frazzled22 wrote: »You will need a solicitor too, but I would recommend finding your own local one. We went with nationwides solicitor and had a 'fee free' deal, yet still ended up paying more that £1k, and it could be a hassle getting hold of them and sorting out paper work as their office was down south and we live in the midlands x
Why on earth would you need a solicitor as well? They give you one for free, you just need to pay for the searches etc.0 -
frazzled22 wrote: »You will need a solicitor too, but I would recommend finding your own local one. We went with nationwides solicitor and had a 'fee free' deal, yet still ended up paying more that £1k, and it could be a hassle getting hold of them and sorting out paper work as their office was down south and we live in the midlands x
What did you pay 1k on?0 -
Seems to me there would be a conflict of interest if you ever had a problem with your mortgage - best appoint a solicitor to represent your interests independently.If a man does not keep pace with his companions, then perhaps it is because he hears a different drummer. Let him step to the music he hears, however measured or far away. thoreau0
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What conflict of interests would you really get between the two?
A solicitor appointed by the lender would obviously be remunerated in some way by the lender, and would need to consider the lenders interests in order to procure future business and payment of their invoices.
A solicitor appointed independently by the borrower would need to consider only the borrowers interests.If a man does not keep pace with his companions, then perhaps it is because he hears a different drummer. Let him step to the music he hears, however measured or far away. thoreau0 -
You don't need a solicitor as that is what Nationwide provide. However, when I got appointed one they had terrible reviews and were supposed to be very slow which could jeopordise the sale. Since then they have started offering £250 cashback as an alternative so I have chosen that this time and am using a solicitor recommended by a friend. Your choice though.0
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I have used the free solicitor that Nationwide provided. They are a local company (but you can be given one anywhere) they have so far been excellent and we have been able to watch where they are up to on the case on a tracking website. Before we went for the mortgage, everyone said we shouldn't use the free solicitors as they are slow but we have been very impressed. On top you will need to pay for searches/land registry etc which for us is £600.0
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