Is it realistic for conveyancing in Gunnersbury to be concluded in less than 28 days?
First, If the seller is applying pressure to complete it is highly recommended that your lawyer is familiar with the location as they will benefit local contacts and know-how. It is possible that they could have handled previoushouses in the same neighbourhood. You would be best advised to use a Gunnersbury conveyancing lawyer. Second, check that the conveyancing firm is on the member panel. It is believed that 18% of Gunnersbury conveyancing deals are frustrated or derailed after finding out that a purchaser’s solicitor was not on their mortgage lender’s member panel. This can often result in the legal process being frustrated by as much as 21 days. It is understood that this issue impacts in the region of 100,000 home moves every year. Almost all Gunnersbury conveyancing firms can not act for certain banks so do check as early as possible.
At what point will exchange of contracts occur in domestic conveyancing in Gunnersbury and am I required to be at the conveyancers branch?
Where you are round the corner to one of the conveyancing solicitors in Gunnersbury you are invited in to sign contracts. That being said, the firms we work with provide countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you digitally. The executing of the contract is not the point of no return. A signed contract simply enables the firm to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gunnersbury)to be in the office at the appropriate time.
We wanted to use a property lawyer in Gunnersbury for our house purchase. Our financial adviser informed us that our mortgage company Godiva Mortgages Ltd won't deal with them. Surely this is unduly restrictive?
Banks ordinarily restrict either the category or the volume of conveyancing practices on their panel. A common example of such criteria being that a law practice must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they permit to represent them. Be aware that Godiva Mortgages Ltd have no responsibility for the quality of advice provided by any member of Godiva Mortgages Ltd Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there remains differing views regarding the level of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that hundreds of law firms, including some in or near Gunnersbury only execute very few conveyances a year.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Gunnersbury 10 years ago no longer exist. What are my options?
Gone are the days when you need to hold title deeds to evidence that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Gunnersbury differ for newly converted properties?
Most buyers of new build or newly converted property in Gunnersbury come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Gunnersbury typically acquire the real estate, 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 property lawyers 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 decided to have a survey carried out on a property in Gunnersbury before retaining lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies may not issue a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gunnersbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gunnersbury to see if the conveyancing will be more expensive.