What is a HSBC lender conveyancing panel?
Your mortgage lender (in this case HSBC) will have an approved list of solicitor firms that they encourage you to use for your conveyancing. This is because those solicitors fit the criteria that HSBC sets, and they are all firms they trust. This is to try and reduce the chance of any complications with your purchase or remortgage.
What happens if I don’t choose a conveyancing solicitor who is on a managed panel?
If you decide to use a conveyancing solicitor that isn’t on the HSBC conveyancing panel then you may need to pay for their legal representation as well which would result in spending hundreds of pounds more than you budgeted for.
By using a solicitor that is on their panel, you won’t need to pay for separate legal representation for both yourself and your mortgage lender.
How do I know if my solicitor is on the panel?
The easiest way to check whether your chosen solicitor is on the HSBC approved conveyancing panel is to submit the solicitor to the bank or ask your mortgage advisor. You can also check the HSBC website to see if they have an updated list of their approved panel.
How do I find a solicitor on the HSBC lender conveyancing panel?
The easiest way to find a trusted, experienced conveyancing solicitor or licensed conveyancer is to get a quote using reallymoving’s quick quote form. You’ll be sent quotes from up to 4 conveyancing firms in your area. Of these, you can check directly who is registered with the HSBC lending panel, or ask your mortgage provider.
Frequently Asked Conveyancing Questions
Can you negotiate solicitors fees?
It is possible to negotiate on conveyancing fees, if you have a sound understanding of your case and of property law. However the best way to secure a good deal on fees is so compare prices when initially seeking a solicitor.
Do you pay solicitors fees on completion?
Yes, upon completion of your house purchase your deposit will be transferred and you will receive your conveyancing bill.
How much are average UK conveyancing fees?
According to reallymoving data, the average cost of conveyancing services is around £2,038 including fees and disbursements.
How can I reduce my solicitors fees?
It’s difficult to lower your fees once you have already chosen a solicitor, so to reduce what you pay, compare conveyancing firms to find the best price. Remember to also ask about referral fees.
Do all solicitors charge the same?
No, not all solicitors will charge the same so it’s important to compare firm’s fees. Remember, you can choose a conveyancing solicitor from anywhere, they don't have to be local.
Reallymoving is a comparison site that allows you to find conveyancing solicitors for your house move or remortgage. We are not affiliated with HSBC and are not on the HSBC conveyancing panel ourselves. We cannot guarantee that every solicitor quoted by us will be on the HSBC panel, so be sure to ask when contacting your chosen solicitor.
For solicitors wishing to join the HSBC panel, you must go to the bank directly.