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).
Do estate agents get commission for recommending solicitors?
Estate agents usually receive a referral fee for recommending a solicitor. … The referral fee may inflate your conveyancing fees, but this may be a price worth paying if you are introduced to a solicitor who gives you a stress-free service. The estate agent is unlikely to recommend a solicitor who will do a bad job.
Why do estate agents recommended solicitors?
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.
Do estate agents instruct solicitors?
As a seller, you probably won’t think about conveyancing until your estate agent asks for your solicitor’s details. Some agents will try to refer legal services when you list your property, but most won’t ask until you accept an offer.
Can estate agents force you to use their solicitors?
In short the answer to your question is NO. You DO NOT have to use the solicitor recommended by your estate agent. Quite often not just estate agents, but lenders, brokers, advisors and even developers will try to pressure you into using their recommended solicitor.
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 estate agents talk to solicitors?
Estate agents market and sell property, but they also: … monitor the chain (of buyers selling their old home and sellers buying their new home) liaise with your solicitor. negotiate with buyers and sellers.
Do solicitors pay estate agents fees?
Go with an online estate agent and part or all of their fees are due upfront. … The estate agent submits their invoice to your solicitor, make sure you check if the fee is correct. But you don’t actually pay until the sale completes. Typically, your solicitor pays the estate agent from the completion monies.
Do you need a solicitor when you sell a house?
The second complexity is that some mortgage providers insist on using a solicitor or licensed conveyancer in order to protect their interests. … In summary, it is perfectly possible to sell your property without a solicitor – and in some cases, this can be a good option.
At what point do I need a solicitor when selling a house?
When selling a property you can instruct a solicitor as soon as you like. They will send out Property information forms that need to be completed by you and they can get your draft contract prepared and ready to go out as soon as you have a buyer.
At what point do you instruct a solicitor when buying a house?
A It is quite normal to appoint a solicitor as soon as you have put in an offer on a property and before you have finalised the mortgage for it.
Do estate agents have to tell you about problems?
Buyers can now expect estate agents to investigate potential problems they think might become an issue, such as suspicions of damp or probable leaks. Although it may be hard to prove that your estate agent had a suspicion unless they specifically tell you so.