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Find a West Drayton Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in West Drayton? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your West Drayton home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised West Drayton conveyancers for over 130 lenders.


Recently asked questions about conveyancing in West Drayton

I chose a West Drayton based lawyer for our conveyancing in West Drayton last week. Upon checking the official terms of business I seeI am on the hook for fees even if the sale aborts. Should I go with them or use an on-line solicitor practice advertising no completion no cost conveyancing in West Drayton?

It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be higher to offset the conveyances that fail to complete. Do bear in mind that such promotions rarely cover expenses such your West Drayton conveyancing search expenses.

My wife and I are nearing an exchange on a flat in West Drayton and my parents have transferred the exchange deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my bank. 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 disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?

Your conveyancer is legally required to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.

We're in West Drayton, First time buyers purchasing with a mortgage (lender is Coventry BS , and our solicitor is on the Coventry BS conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I am purchasing my first flat in West Drayton benefiting from help to buy. The builders refused to budge the amount so I negotiated 6k of extras instead. The sale representative suggested that I not reveal to my lawyer about the deal as it could put at risk my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I opted to have a survey done on a house in West Drayton ahead of appointing solicitors. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders tend not give a loan on a flying freehold house.

It varies from the lender to lender. HSBC has different requirements from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in West Drayton. Conveyancing may be slightly more expensive based on your lender's requirements.

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Find out more about how flying freehold can affect your the value of a property.