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 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.
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.
Do estate agents get commission from solicitors?
In other words, some agents will recommend the solicitor or conveyancer they get the most commission from, rather than the one that can offer the best service. … A high referral fee is also an attractive incentive for the agent to ensure the client goes with their preferred solicitor.
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.
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.
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.
Do you have to use a solicitor for conveyancing?
If the transaction involves a mortgage, it’s almost certain that the lender will insist that a solicitor is used for the conveyancing. If you do your own conveyancing and something goes wrong, then normally you’ll have no cover. If you use a professional conveyancer, you’ll be covered by their professional insurance.
What do solicitors say when buying a house?
Top questions to ask your property solicitor
- How much will you charge and what does this include? …
- What can I do to keep things going efficiently? …
- Who will handle my conveyancing? …
- How will you update me and how often? …
- What cyber security have you got in place? …
- How many conveyancing cases have you dealt with?
Is a conveyancer necessary?
In New South Wales, conveyancing is required in order to put your property on the market. For this reason, it would help the process run more smoothly if you have an idea of what conveyancer you would like to use by the time you start meeting and interviewing agents.
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.