We note that you have a post code search directory listing firms on the UBS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Bow?

We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bow.

We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would much rather use a Bow based conveyancing firm?

You should check but the the probability is that give you one of their panel solicitors where you want the "fee-free" deal. Speak to the lender and see if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Bow.

How does conveyancing in Bow differ for newly converted properties?

Most buyers of new build or newly converted property in Bow contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Bow tend to acquire the site, 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 Bow or who has acted in the same development.

I am looking into buying my first house which is in Bow and I am already nervous. I couldn't find anything specific about Bow. Conveyancing will be needed in due course but do you know about the Bow area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Bow. In the meantime here are some basic statistics that we found

How and when do I incur stamp duty chargeable for my Bow house purchase?

The majority of conveyancing practitioners will fill out a stamp duty return on your behalf as part of your Bow purchase transaction for signature. On completion your solicitor will submit your STL application to the Inland Revenue and - as long as they have the money - discharge any tax bill payable on your behalf.