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Ready to buy a new home? Failing to check that a lawyer is on the HSBC list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?How does my firm apply to be on the HSBC Bank plc Conveyancing Panel? How can my firm be reinstated onto the HSBC Bank plc Conveyancing Panel?
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HSBC Conveyancing Panel : Questions and Answers
I am obtaining a mortgage offer from HSBC. I intend to employ the services of a Licensed Conveyancer. Does the HSBC Solicitor panel include conveyancers regulated by the CLC
HSBC’s conveyancing panel is, like many other lenders represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am purchasing a new build apartment and my conveyancer is advising me that she is duty bound to disclose incentives from the builder as her practice is on the HSBC conveyancing panel. I am under pressure to sign contracts and I would rather not delay the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the HSBC approved panel is to comply with the CML Handbook requirements (last updated for this lender on HSBC). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am searching for conveyancing quotes online. Can I be assured that all the law firms that are identified on your website are on the HSBC conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the HSBC panel and agreed to advise us to take down their listing in the event of removal off of the HSBC panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the HSBC conveyancing panel is not accurate.
I am buying a terraced house and getting a mortgage with HSBC. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the HSBC conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the HSBC conveyancing panel in your location.
Can I be sure that the solicitor on the HSBC panel is any good?
seeking recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your conveyancing
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with HSBC. Is there anyway to cut out the solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with HSBC involved you will need to appoint a solicitor on the HSBC conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to HSBC. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the HSBC conveyancing panel.
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Other TopicsTransfer of Equity for HSBC
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