checking if solicitor is in the bank's panel?

sanova76

Hi,


Is there any way to check if a solicitor is in the bank's panel?

I don't really understand it but my solicitor has been rejected by the bank for remortgage process because he's not in their panel.


Many thanks.

San

LawAbiding

Your solicitor can apply to be on the panel?

Whose the lender?

sanova76

It's Natwest.

My mortgage advisor told me that he's being added but it's been 10 days and he suggest me to find another solicitor that's already in the panel.

[Deleted User]

Ask the next solicitor if they are on the panel.

They will know

LawAbiding

NatWest have a panel of solicitors!?

Hopefully someone more knowledgeable will come along

PasturesNew

Generally speaking, if it's a firm they're likely to be on the panel.
If it's somebody that works as a 1-2 man business, they're probably not on the panel.

No large solicitor "firm" could have got that large without bothering to get listed.
Smaller 1-2 man businesses might just not think it's worth the hassle to be accepted as they get enough work already.

sanova76

Yes, I will ask the next solicitor. The trouble with big firm is their fee is doubled, otherwise I won't think twice using any of them.

MovingForwards

You don't need a big city firm, a local firm with a few partners, a few solicitors and some paralegals should be on the panel.

minimike2

With it being a remortgage are you not being offered a fees assisted package through the banks own solicitor firm? Or is there a specific reason why you need or wish to use your own?

kingstreet

minimike2 wrote: »

With it being a remortgage are you not being offered a fees assisted package through the banks own solicitor firm? Or is there a specific reason why you need or wish to use your own?

All the Intermediary remortgage products have free-legals.

Mortgage_Adviser

kingstreet wrote: »

All the Intermediary remortgage products have free-legals.

Not necessary. It can be a cashback mortgage with no free legals.
Or a buy to let mortgage.
Ir something quirky that is niotr covered by free legals eg transfer of title, lease extension etc envolved.