Common questions asked concerning the HSBC Conveyancing Panel
from members of the public
How easy is it to change a solicitor as I need to find one who is on the HSBC conveyancing panel. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Expecting to move into my new home next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for HSBC. What does the insurance need to cover?
All property lawyers on the HSBC conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in HSBC’s Part 2 requirements of the CML Handbook (last updated on HSBC). Being on the HSBC conveyancing panel your lawyer is expect to follow these requirements.
I am searching for competitive conveyancing fees. Can I be sure that all the practices that are listed on your site are on the HSBC conveyancing panel?
The law firms listed on our site have advised us that they are on the HSBC panel and agreed to advise us to take down their listing in the event of removal off of the HSBC panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the HSBC conveyancing panel is not accurate.
We're in Liverpool, First timers purchasing with a mortgage (lender is HSBC , but our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I am currently in the process of buying my council flat. I have a mortgage agreed with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with HSBC you will need to appoint a solicitor on the HSBC conveyancing panel.
It is not clear whether my mortgage offer requires a lease extension . I have telephoned HSBC on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the HSBC conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the HSBC panel she or he must comply with the CML Handbook requirements for HSBC. Unless your lawyer obtains specific confirmation in writing that HSBC will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask HSBC to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
My husband and I are purchasing a flat in Hendon. Conveyancing solicitors in Hendon are about to beinstructed. My colleaguesuggested that we enquire that the conveyancing practitioner in Hendon is on the HSBC approved list of lawyers. Is this really necessary?
A limited percentage of Hendon conveyancing solicitors are on the HSBC conveyancing panel. 8 people a month use our search tool to find a
Hendon conveyancing firm on the on the HSBC approved list of lawyers.