We are approaching an exchange on a house in Gunnersbury and my parents have sent the 10% deposit to my conveyancer. I am now advised that as the deposit has not come from me my solicitor needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The property lawyer is duty bound to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying solicitors on the Principality conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Gunnersbury?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Gunnersbury.
I have recentlybecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Gunnersbury for a purchase of a freehold house 12 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gunnersbury conveyancing specialists.
How does conveyancing in Gunnersbury differ for newly converted properties?
Most buyers of new build residence in Gunnersbury contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Gunnersbury tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Gunnersbury or who has acted in the same development.
I was advised by a few estate agents in Gunnersbury to get a quote from a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your site rather than another?
We don’t make any financial incentive for directing people in our direction. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
In searching the internet for the phrase on line conveyancing in Gunnersbury it reveals numerous property lawyersin the vicinity. How do I determine which is the right conveyancer for the sale of my house?
The preferential way of choosing a suitable conveyancer is through a trusted recommendation, so seek the guidance of friends and family who have bought a property in Gunnersbury or a local estate agent or financial adviser. Charges for conveyancing in Gunnersbury vary, so it's a good idea to obtain at least three fee estimates from varying types of law firms. Dont forget to clarify that the charges are guaranteed not to increase.