In summary when buying or selling a property it is vital that you appoint a solicitor that you can trust to act in your best interests, who will have the experience to complete the transaction properly and in timely manner and who will charge you a fair price for doing so.
Should you use a solicitor recommended by the estate agent?
You DO NOT have to use the Solicitor/Conveyancer recommended by your estate agent. However, despite common misconception, that’s not in all cases, so be wary. From my experience, almost all high-street estate agents will push their recommended solicitor, but it’s optional (even though it may not always feel like it).
Should you use Conveyancer recommended by estate agent?
For the recommended solicitors, they are often more concerned with keeping the estate agents happy so that more work will come their way. This often means that they do not do what is best for the buyer either. If you are looking for unbiased advice, it is best to choose an independent conveyancing solicitor.
Can an estate agent force you to use their solicitor?
The clear answer to the question “Can an estate agent force me to use their solicitor?” is absolutely not, you don’t have to and for various reasons you might be better off choosing not to.
Is it a good idea to use the same solicitor as the seller?
The general answer is no. The Solicitors Regulation Authority and Law Society have strict rules in place to avoid what they call ‘conflicts of interest’. … In very exceptional circumstances however the solicitor will be permitted to act for the buyer and seller but only when this will be for the benefit of both parties.
Is it better to use a solicitor or conveyancer?
It’s an important role, so choose carefully. Solicitors are usually more expensive than conveyancers and are qualified lawyers, so they can offer a full range of legal services. Licenced conveyancers are specialised in property but can’t deal with complex legal issues.
Do solicitors pay estate agents fees?
Typically, your estate agent will send their invoice to your solicitor as soon as binding contracts are exchanged with the buyer. Then, once the property sale is legally completed, your solicitor will pay your estate agent the agreed fee directly out of the funds secured from the property sale.
Should I use the Builders solicitor?
You can be sure that whichever solicitor you do elect to act for your new-build purchase, they will be regulated. As always, solicitors will act in their Client’s best interest. However, working regularly with the same developers means panel solicitors build a good relationship with their legal team.
Should you chase solicitors when buying a house?
It is your solicitors’ job to ‘report’ to you when they have a significant update and so you shouldn’t NEED to chase them. However, it does let them know you’re keen to proceed and will help to apply the pressure on them.
Can I contact my buyers solicitor?
As far as your second question goes, it’s not illegal to contact your vendors’ solicitors directly but it is frowned upon, as solicitors generally prefer to communicate with each other rather than with each others’ clients.
Do you need a solicitor when you sell a house?
First things first: you don’t legally need a solicitor to sell your house. It’s entirely possible to take on what some call ‘DIY conveyancing’: in other words, taking on the legal responsibilities yourself when selling your home. But, the legal responsibilities are many.
Can an estate agent force me to use their mortgage broker?
The estate agent may tell you that it’s either compulsory or that you are more likely to have your offer accepted if you use their in-house mortgage adviser. … It is actually illegal for an estate agent to force you to use their own mortgage adviser.
Can I use different solicitors for sale and purchase?
Can a Solicitor Act For Me in Both My Sale and My Purchase? Yes, of course! However, it is more complicated where two parties ask the same solicitor to act on their behalf, when one of those parties is the buyer and the other party is the seller of the same property.
What is a conflict of interest for a solicitor?
A conflict of interest means a situation where your separate duties to act in the best interests of two or more clients in the same or a related matter conflict. For this situation to happen, you must be currently acting, or intending to, act for two or more clients.
Can buyer and seller use the same solicitor?
Yes, most of the time you can use the same conveyancer for buying and selling – provided that certain criteria are met. (These criteria are set to protect both parties from any potential risks associated with using the same lawyer.)
Can an estate agent act for buyer and seller?
Whatever the law, while estate agents have this conflict of interest – making money from both the buyer and the seller in the same transaction – the only ones to benefit are the estate agents themselves. … Just as lawyers cannot act for both sides in a transaction, nor should estate agents be allowed to.