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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 to reduce the chance of any complications with your purchase or remortgage.
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 conveyancing solicitor that is on their panel, you won’t need to pay for separate legal representation for both yourself and your mortgage lender.
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.
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 5 conveyancing firms in your area. Of these, you can check directly who is registered with the HSBC lending panel, or ask your mortgage provider.
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.
It is possible to negotiate on your 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.
Yes, upon completion of your house purchase your deposit will be transferred and you will receive your conveyancing bill.
According to reallymoving data, the average cost of conveyancing services is around £2,038 including fees and disbursements.
It’s difficult to lower your fees once you have already chosen a solicitor, so to reduce what you pay, compare conveyancing quotes to find the best price. Remember to also ask about referral fees.
No, not all conveyancing solicitors will charge the same so it’s important to compare a firm’s fees. Remember, you can choose a conveyancing solicitor from anywhere; they don't have to be local.
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