PLEASE READ BEFORE POSTING
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Do I need a Solicitor (conveyancing) at all?

wacsa
Posts: 34 Forumite


I'm busy searching for a mortgage deal for my mother who is 68 years old, I have also been in touch with London and Country who have suggested a deal with Nationwide.
The mortgage is only for £30,000 and a maximum of 6 years as it needs to be paid off by the time she is 75 years old. The house in it's current state is worth about £180,000.
My mother owns the property outright, it has never had a mortgage on it.
Most of the mortgage deals come with a free valuation but not legal fees, however I am wondering if a solicitor is needed at all because it is not a house purchase, nor technically is it a re-mortgage?
What made me question this for instance was, if the property already had a mortgage and my mother wanted a '2nd charge secured loan' a solicitor wouldn't be involved, so would she need one in her situation as well.
Any advice would be welcome, thank you.
The mortgage is only for £30,000 and a maximum of 6 years as it needs to be paid off by the time she is 75 years old. The house in it's current state is worth about £180,000.
My mother owns the property outright, it has never had a mortgage on it.
Most of the mortgage deals come with a free valuation but not legal fees, however I am wondering if a solicitor is needed at all because it is not a house purchase, nor technically is it a re-mortgage?
What made me question this for instance was, if the property already had a mortgage and my mother wanted a '2nd charge secured loan' a solicitor wouldn't be involved, so would she need one in her situation as well.
Any advice would be welcome, thank you.

0
Comments
-
I'm busy searching for a mortgage deal for my mother who is 68 years old, I have also been in touch with London and Country who have suggested a deal with Nationwide.
The mortgage is only for £30,000 and a maximum of 6 years as it needs to be paid off by the time she is 75 years old. The house in it's current state is worth about £180,000.
My mother owns the property outright, it has never had a mortgage on it.
Most of the mortgage deals come with a free valuation but not legal fees, however I am wondering if a solicitor is needed at all because it is not a house purchase, nor technically is it a re-mortgage?
What made me question this for instance was, if the property already had a mortgage and my mother wanted a '2nd charge secured loan' a solicitor wouldn't be involved, so would she need one in her situation as well.
Any advice would be welcome, thank you.
This is a remortgage. It is irrelevant whether there has been a mortgage before, it is still known as a remortgage.
Your lender will 100% require you to have a Solicitor (as your Solicitor will act on behalf of your lender also).
Some lenders can recommend legals - just ask. I'm sure L&C would.
Otherwise, call around 3-4 local solicitors or ask for a recommendation.
Another option is a personal loan - then you wouldn't need conveyancing services of course. Perhaps compare the rates and payments.0 -
The mortgage lender will need a solicitor to draw up the mortgage.
Either they will apoint one, or you can appoint one (approved by them).
Either way, you will pay, unless the mortgage deal includes free legals.0 -
The lender will require a solicitor to deal with the mortgage to protect their interests. Normally, this would be the same solicitor dealing with it from your perspective.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.3K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 240.8K Work, Benefits & Business
- 617.1K Mortgages, Homes & Bills
- 175.6K Life & Family
- 254K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards