I have just started taking steps with a view to changing my domestic home loan to a Buy to Let Santander mortgage. The bank has said that I must appoint a solicitor for this. I got in contact with my previous Gunnersbury conveyancing firm who acted on my behalf when I originally acquired the property. The fee estimate provided of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The charges seem a bit high. If you are content to expend time scrutinising prices you could get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, if you were content with the assistance the firm offered you maylive to rue opting for an an untested solicitor. Remember to be sure that the firm can also act for Santander. Do use our search tool to get a quote a Gunnersbury conveyancing firm on the Santander approved list of lawyers, which can often include conveyancing solicitors in Gunnersbury.
Is there a reason why leasehold purchase conveyancing in Gunnersbury is more expensive?
Gunnersbury leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My uncle passed away last year and as sole heir and executor I was left the house in Gunnersbury. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
It has been five months since my purchase conveyancing in Gunnersbury took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Gunnersbury differ for new build properties?
Most buyers of new build or newly converted property in Gunnersbury approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. 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 conveyancers 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 used to new build conveyancing in Gunnersbury or who has acted in the same development.
My partner has suggested that I use his lawyers for conveyancing in Gunnersbury. Should I use them?
No doubt the best way to choose a conveyancing solicitor is to have referrals from friends or family who have experience in using the conveyancer you're are thinking of instructing.