All mortgage lenders have restrictions on which conveyancing solicitors they choose to work with, meaning your choice is somewhat restricted. Fortunately, mortgage panel provides a list of first-class conveyancing solicitors that are approved to work with HCBC.
HSBC Holdings plc is a British multinational banking and financial services holding company. It is the 7th Largest bank in the world and is the largest in Europe. They have four global businesses; Retail banking, wealth management, commercial banking, global banking and markets and global private banking.
HSBC solicitors can help you with:
HSBC offer excellent financial services for first time buyers. They provide an extensive range of competitive house purchase product deals and incentives to help reduce the cost of buying a house. These include:
- Mortgages up to a maximum of 95% Loan to value
- Borrow for up to a 35-year term with a capital repayment mortgage
- Make additional payments and overpayments subject to your mortgage terms
- They offer a Decision in principle – an accurate indication of your borrowing potential.
You can move your mortgage with confidence by using HSBC services. They provide a range of competitive re-mortgage products. These include:
- Free standard valuation
- A wide range of mortgages
- Competitive mortgage rates
- The ability to make additional payments and overpayments
Why do HSBC have to select a panel for conveyancing solicitors?
HSBC only work with a select panel of conveyancing solicitors. They regularly review the criterion for the conveyancing solicitors whom they work with to ensure that you receive the best possible service. Solicitors that are approved by HSBC offer high standards of legal services by offering value for money, innovation and stellar legal advice.
Where are HSBC conveyancing solicitors based?
Hodge Lifetime conveyancing solicitors are located across England and Wales. They offer the best conveyancing services in the country and are highly accessible.
Does my conveyancing solicitor need to be on the panel for HSBC?
HSBC are very strict with who they work with. Your conveyancing solicitor can carry out the work for you but will need to outsource the paperwork relating to your mortgage. There is a risk that this will slow down the chain.
Do I need to use a solicitor for my conveyancing?
Most mortgage lenders insist that a professional does the paperwork. It is recommended that you use someone with an in-depth understanding of the process.
What happens if my conveyancing solicitor is not on the panel for my mortgage lender?
Some lenders will charge you extra. This can range between £250-£400 depending on the lender.