Home buyers in the UK may have read the recent media storm that has erupted from the recent HSBC Bank’s decision to axe thousands of Solicitors’ practices from its Conveyancing Panel.
With every other lender in the UK, the home buyer’s chosen conveyancing solicitor will complete the legal work for both the home buyer and the mortgage lender.
However, this decision will now require HSBC borrowers to use the HSBC Conveyancing Panel (managed by Countrywide) for the mortgage lender’s legal work.
As a result, many home buyers are worried that this could restrict their choice of Solicitor to conduct their own legal work.
Fridaysmove’s Conveyancing Solicitors Panel can act for Home Buyers borrowing from the HSBC
Fridaysmove believe so strongly in our Fixed Conveyancing Fee principle that despite the fact that HSBC borrowers will incur a fee from the HSBC for £192, we guarantee that our total Conveyancing Fees plus the HSBC's legal fee will be less than the total fees payable (on completion) to the HSBC panel conveyancer*.
We guarantee that HSBC borrowers will retain the same right to choose the cheapest fixed fee Conveyancing in the UK, as enjoyed by all our other clients.
Fridaysmove never charge additional conveyancing fees above the amount quoted at the start of the transaction. Our Guarantee is based on a like for like comparison of fees to include any or all additional fees that may be levied by the HSBC Panel Solicitor including, but not limited to:
- SDLT Fee
- 1 x TT Fee
- Admin Fee
- Shared Ownership Fee
- Bankruptcy Search Fee
- Deed of Covenant Fee
- Contribution to Professional Indemnity Fee
- Corresponding with managing agent fee
- Notice/Deed of Assignment
- Deed of Cross Covenant for Flying Freehold
- Deed of Postponement/Grant/Variation
- Issuing second contract to another buyer (Contract Race)
- Less than 1 working week between exchange and completion Fee
- Lockout or Exclusivity Agreements (or non-refundable deposits)
- Mortgage offer review fee and deal with registration of charge
- Simultaneous exchange and completion fee
- Online ID Fee
- Obtaining duplicate share certificate in Freehold or Management Company (or indemnity form)
- Obtaining Landlord's (including retrospective) consent to alterations to property
- Property subject to tenancy - vetting Tenancy Agreement fee
- Purchase Repossession/Purchase Supplement Fee
- Retention Fee
- Stock transfer form and issuing of new share certificate in freehold company fee and any other fee incurred during a standard conveyancing transaction