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Appointing a solicitor
katiepants
Posts: 184 Forumite
Hi,
Apologies if this question sounds absolutely clueless!
My BF and I are very shortly going to be looking to buy a new house. I am completely new to the house buying/mortgage process, and although my BF has previously been a house owner he had a lot of help from his family so if pretty new to it as well.
I have made initial contact with a mortgage advisor/broker that has been personally recommended to us, and in the next couple of weeks will get an agreement in principle so that we can start viewing houses.
We have also found some solicitors that we would like to use (also from personal recommendation).
My question is thus:
At what point do we make contact with these solicitors? Do I drop them an email now, or wait til we make an offer on a property? If I email now, what do I say "Hi, I need your services but not yet?"
Or do they not want to know until you actually need them??
Help please!
Apologies if this question sounds absolutely clueless!
My BF and I are very shortly going to be looking to buy a new house. I am completely new to the house buying/mortgage process, and although my BF has previously been a house owner he had a lot of help from his family so if pretty new to it as well.
I have made initial contact with a mortgage advisor/broker that has been personally recommended to us, and in the next couple of weeks will get an agreement in principle so that we can start viewing houses.
We have also found some solicitors that we would like to use (also from personal recommendation).
My question is thus:
At what point do we make contact with these solicitors? Do I drop them an email now, or wait til we make an offer on a property? If I email now, what do I say "Hi, I need your services but not yet?"
Or do they not want to know until you actually need them??
Help please!
Sealed pot challenge 11: number 594
0
Comments
-
What's the worst that'll happen? You contact them now, and they say "Great, it'll be nice to do business, but let us know when you've found somewhere."
Then you're ready when your offer goes in.0 -
katiepants wrote: »Do I drop them an email now, or wait til we make an offer on a property? If I email now, what do I say "Hi, I need your services but not yet?"
Or do they not want to know until you actually need them??
"I'm in the process of looking for a property to purchase. Can you provide me with indicative quotes for carrying out the conveyancing?
It would be helpful if you could provide two quotes on the following basis:
1.) Freehold house, purchase price of £x
2.) Leasehold flat, purchase price of £x"
(Or just ask for one quote, if that's all you need.)
Maybe ask a few solicitors, so that you have quotes to compare.0 -
"I'm in the process of looking for a property to purchase. Can you provide me with an indicative quotes for carrying out the conveyancing?
It would be helpful if you could provide two quotes on the following basis:
1.) Freehold house, purchase price of £x
2.) Leasehold flat, purchase price of £x"
(Or just ask for one quote, if that's all you need.)
Maybe ask a few solicitors, so that you have quotes to compare.
Thank you, that's really helpful!Sealed pot challenge 11: number 5940 -
Best to wait until you have a mortgage in principle as the solicitor might not be on the panel.0
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Hopefully you have gone to a mortgage adviser / broker who is able to offer you mortgages from across the market?
Not a mortgage adviser within a bank?0 -
steampowered wrote: »Hopefully you have gone to a mortgage adviser / broker who is able to offer you mortgages from across the market?
Not a mortgage adviser within a bank?
No, they are independent.Sealed pot challenge 11: number 5940 -
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Not all lenders will talk to all solicitors, because the lenders have a "panel" of pre-approved solicitors who they'll work with. If your lender won't talk to your solicitor, then the lender will appoint their own solicitor to look after their interests - you still get your solicitor looking after yours, but there may be more fees.katiepants wrote: »Sorry for my ignorance but I'm not quite sure what you mean. What panel?0 -
Not all lenders will talk to all solicitors, because the lenders have a "panel" of pre-approved solicitors who they'll work with. If your lender won't talk to your solicitor, then the lender will appoint their own solicitor to look after their interests - you still get your solicitor looking after yours, but there may be more fees.
Ah I see. So better to sort lender first before going to solicitor. Thanks.Sealed pot challenge 11: number 5940 -
Well, hold on... You don't need the lender's details for the memorandum of sale, the very first bit of official paperwork once the offer's accepted.
But you do need the solicitor's.
Personally, I'd rather go with the solicitor I want, and regard the extra cost of panel legals as part of the cost of going for a particular lender.0
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