Atom Bank Panel conveyancing solicitors
Atom Bank are keen to keep their mortgage borrowers happy, and it is with this in mind that they only work with trusted, reliable, and honest conveyancing solicitors. As they are solely online, no matter where you are in the UK, you can easily apply for a mortgage with Atom Bank. Likewise, MG Legal’s conveyancing team accept instruction from client’s buying, selling, or remortgaging a property, who live anywhere in England and Wales.
Does my solicitor need to be on the lenders panel?
In order to purchase a property with a mortgage, or arranging a remortgage, your conveyancing solicitors usually need to be on the Atom Bank panel as your solicitor will be acting on behalf of your lender as well when arranging the loan advance. If you do not use a conveyancing solicitor on your lender’s panel, then you will, usually, be required to pay the legal costs of your lender’s solicitor, too. As you can see, it makes a lot more sense to use a solicitor on your lender’s panel, than paying two lots of legal fees, and getting off on the wrong foot with your lender, in the first place.
What if my conveyancing solicitor is not on my lender’s panel?
If your conveyancing solicitor is not on your chosen lender's panel, your lender will need to instruct another law firm who is, to carry out the legal enquiries on their. This will create unnecessary extra work, be more costly and on most occasions prolongs the mortgage process, and can delay your property purchase.