Solicitor mortgage fees range from cheap to expensive and the cost is not always indicative of the service you might get. So comparing your conveyancing quotes online is the best way to find out whether the price you might pay is one you’re happy with.
Lender panels are interesting – have they any effect on conveyancing?
Lender panels could be of interest to you if you are searching for conveyancing solicitors. Some high street mortgage providers will only work with a certain number of mortgage solicitors, which could limit your choice considerably. In the past, they might have been happy to work with any conveyancer, but now some of the biggest names will only work with those that they have pre-approved. They have done this, they say, to prevent the risk of fraud and to offer greater quality assurance. The firms that are used are known as the lender panel. They must meet stringent criteria including having at least three partners and be accredited by the Quality Conveyancing Scheme.
If you are using a high street lender for your mortgage, you may therefore not have much choice when it comes to your conveyancer. However, there is no requirement for anyone to use a high street mortgage lender – there are many lenders who will be able to offer you great deals on your loan and who do not have restrictions on conveyancing firms. If you go with this option, then you can carry out conveyancing comparisons and benefit from a much wider range of providers. It could save you a lot of money.
Solicitor mortgage fees should be compared as soon as possible when you are looking to instruct a conveyancer.
At Conveyancing Index (https://www.conveyancingindex.co.uk), your quotes will be immediate and you will be able to choose straight away.
If you need further details, please don’t hesitate to phone us on 0203 874 2020.