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Solicitor not on lenders panel - any way around this?
Capri84
Posts: 173 Forumite
My MA contacted me to say my solicitor (used him several times in the past) is not part of Coventrys panel of solicitors. Is there a way around this or does it mean ditching him (hoping not)
As he’s the one to have put the offer in and have it accepted for the property we hope to buy... what does that mean going forward?
As he’s the one to have put the offer in and have it accepted for the property we hope to buy... what does that mean going forward?
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Our Solicitors wasn't on our lenders panel. They said it wasn't an issue and could be added by completing some paperwork.0
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There will be 3 options:
1) Get them added - not always possible.
2) Switch to a new firm - the current firm may have some suggestions.
3) Use 2 firms, one for your side and the other for Coventry' side - this will be more expensive and involves more people so more room for error.I am a Mortgage AdviserYou 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.1 -
Not much to add from ACG's summary but depending on how far through you are there may not be much cost difference with options 2 and 3. I've just done it with Bank of Ireland and the extra cost was £350 so you could use that as a reference point0
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See if your solicitor has agency terms with another firm nearby which is on the Coventry panel.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.4
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This was the solution. My solicitors is being added to the panel but they aren’t accepting applications until august.kingstreet said:See if your solicitor has agency terms with another firm nearby which is on the Coventry panel.Sorted. And no extra cost.4
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