I have given 2 months notice to my current landlord and have to leave my rented property in Canary Wharf by the end of next month. Conveyancing on my purchase is progressing. How realistic is it to complete in 5 weeks as don't want to have to move into temporary accommodation?
It is unwise to provide notice on a rental until exchange of contracts has taken place. If you have not already done so, notify to your conveyancer and request that they chase the owners solicitors, try to get a realistic time scale from them that everyone will look to achieve
We are planning to acquire a house and need a conveyancing solicitor in Canary Wharf who is on the Nottingham approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Canary Wharf.
Do I have to pop into the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Canary Wharf so that I can attend their offices if required.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to hand over ID documents and there are still manifest advantages to choosing a local practitioner, in your case a conveyancing solicitor in Canary Wharf.
It has been 3 months following my purchase conveyancing in Canary Wharf completed. I have checked the Land Registry website which shows that I paid £150,000 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 premises 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.
I am looking for a leasehold apartment up to £245,000 and found one near me in Canary Wharf I like with amenity areas and transport links nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Canary Wharf suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Should I be suspicious by estate agents that I am dealing with are recommending a factory type conveyancing firm rather than a High Street Canary Wharf conveyancing practice?
As with lots of professional services, often referrals from relatives can be very helpful. Yet there are numerous players in a conveyancing transaction; estate agents, financial adviser and lenders might all recommend lawyers to use. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the right to appoint your preferred lawyer. However, bear in mind that most lenders operate an approved list of lawyers you must use for the lender aspect of your transaction.