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approved by HSBC
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.
Find an Approved Solicitor on the HSBC Bank plc Conveyancing Panel
FAQs for the HSBC Conveyancing Panel
My property lawyer is not on the HSBC Approved Panel. Is it possible for me to retain my preferred solicitor notwithstanding that they are excluded from the HSBC approved list?
You will need to have a conveyancer complete the legal work required when you take out a HSBC mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the HSBC conveyancing panel additional costs will be incurred as separate legal representation will be required by HSBC. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My wife and I intend to remortgage our penthouse with HSBC. We have a son 19 who lives with us. The solicitor on the HSBC conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this document specific to the HSBC conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to HSBC .This is solely used to protect the HSBC if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of HSBC had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Do I have to have a meeting at the offices of the HSBC conveyancing panel solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Leeds
so that I can attend their offices if required.
Most conveyancing panel lawyers for HSBC undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am selling my house. Does my solicitor have to be on the HSBC conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I had instructed online solicitors located in Birmingham who are on the HSBC solicitor panel. They are now charging me a separate fee of £175 for the legal aspects of the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by HSBC but by your lawyers. Some firms on the HSBC will charge an ‘acting for lender’ fee and others do not.
My wife and I have arranged a further advance on our mortgage from HSBC as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the HSBC conveyancing panel to deal with the paperwork?
HSBC would not normally appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the HSBC list
I have today made my last payment due on mortgage with HSBC. I assume I don't need a solicitor on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the HSBC has sent the Land Registry the discharge electronically, and
the HSBC has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your HSBC mortgage has been paid off.