We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bank says no to solicitor
Options
pickles13
Posts: 157 Forumite
We had our mortgage agreed in principle yesterday. We also instructed a solicitor yesterday. Today, our broker has got back to us saying that the bank have said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the bank had a say! Is this usual? We asked the broker to ask the bank to give us a list of approved solicitors but they can't so potentially, we could have this happen several times?!
0
Comments
-
just ask the sol to join their panelDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
-
The solicitors will know whether they're on a particular lender's panel if you ask them.Slummy mummy!0
-
Some mortgage lenders have strict criteria and some a more welcoming.
You can actually use any conveyencer you want but if the mortgage company aren't happy with them you would have to pay an extra fee so the mortgage company can appoint their own conveyencer too.
If your conveyencer is based at a solicitor's firm then they should be able to get added to the panel. It mainly small outfits / sold practitioners that would have trouble.
When getting conveyencing quotes it's wise to ask them directly if they are on the panel for your particular lender.Changing the world, one sarcastic comment at a time.0 -
Lenders will supply you with a list of panel solicitors in your area from which to choose. They will not give recommendations for a specific one. Suggest you call the lender directly yourselves.0
-
I am amazed your broker cannot recommend a suitable firm.
PM me with details of your lender and I can give you some recommendations from our panel.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
My broker has not provided quotes from 3 companies which he says will be on the approved list. The last one I went for was also recommended by the broker so I can only try....0
-
Pickles 13 - this happened to us when we were trying to move. I knew who the lender was so simply did an internet search for their approved panel of solicitors - ditched the old one and signed up with a local company on this panel. If you know who your lender is you could try doing similar.
Good luck.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards