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Our solicitor is their solicitor

Our solicitor is also our sellers solicitors, will this speed things along? Their estate agent recommended them. They are ok so far!
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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Solicitor won't represent both parties.
  • Thrugelmir wrote: »
    Solicitor won't represent both parties.

    Oh, says on the draft contracts and fixtures and fitting list that it's the same firm we are using.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    The lenders concerned may have a say as well.

    Are you dealing through solicitors at the same offices.
  • They only have one office? Maybe I'm mistaken will dig out the forms again.
  • noh
    noh Posts: 5,817 Forumite
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    It can be the same firm.
    It must be different solicitors (individuals) to prevent conflict of interest.
  • ethank
    ethank Posts: 2,197 Forumite
    Holiday Haggler I've been Money Tipped!
    Do you have a lender? Is your lender happy with this arrangement??? Some lenders are very funny about the potential conflict of interest.
  • kingstreet
    kingstreet Posts: 39,335 Forumite
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    noh wrote: »
    It can be the same firm.
    It must be different solicitors (individuals) to prevent conflict of interest.
    I thought that was only permitted if both clients had an existing client relationship with the firm prior to this transaction. If not it had to be different offices of the firm?
    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.
  • noh wrote: »
    It can be the same firm.
    It must be different solicitors (individuals) to prevent conflict of interest.

    Just checked yes different ladies dealing with it. Same firm though.
  • Boomdocker
    Boomdocker Posts: 1,201 Forumite
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    My local solicitor did not allow this, we discovered for our purchase that both parties had approached the same firm different partners, they made me aware but wouldn't deal with both parties. I had to get a new solicitor with a new firm to proceed.
    Boots Card - £17.53, Nectar Points - £15.06 - *Saving for Chrimbo*
    2015 Savings Fund - £2575.00
  • kingstreet
    kingstreet Posts: 39,335 Forumite
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    dalo1981 wrote: »
    Just checked yes different ladies dealing with it. Same firm though.
    Have you dealt with this firm before?

    If not, you may find you get "bumped" if the other side has used them for a previous transaction.
    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.
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