I have given 2 months notice to my existing landlord and have to vacate my let out flat in Blackwall by 13/11/2023. Conveyancing for my house purchase is underway. How realistic is it to complete in a couple of weeks as I wish to avoid having to find temporary accommodation?
Generally one should not provide notice for your letting unless you have exchanged. Assuming that you have not already done so, notify to your lawyer and request that they chase the owners lawyers, try to an agreed time frame that all parties will aim towards
As a first time buyer what is the most important advice you can impart regarding purchase conveyancing in Blackwall?
You may not hear this from too many lawyers but conveyancing in Blackwall and elsewhere in London is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of room for conflict between you and others involved in the ownership transfer. For example, the vendor, property agent and sometimes your bank. Choosing a lawyer for your conveyancing in Blackwall should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the transaction whose responsibility is to protect your best interests and to keep you safe.
There is a definite ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer ahead of the other parties in the conveyancing process.
We are purchasing a house in Blackwall. It might be a silly question but how we can trust a lawyer? On completion day we will need to send our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Have just purchased a probate house at auction in Blackwall. Conveyancing is required. What happens now?
Now that you are legally bound yourself to purchase you will need to instruct a conveyancing practitioner soon as you will have a pending deadline in which to complete the conveyancing. An auction property will have a corresponding legal set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You must hand this to the lawyer instructed by you at the earliest opportunity. You also need to ensure that your finances are in order to complete on the date specified in the contract.
is it true that all Blackwall solicitor firms on the Nationwide conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel in which case such practice would be governed by the CLC.
How does conveyancing in Blackwall differ for new build properties?
Most buyers of new build premises in Blackwall approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because builders in Blackwall usually 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 used to new build conveyancing in Blackwall or who has acted in the same development.
I am looking for a leasehold apartment up to £195,000 and found one near me in Blackwall I like with amenity areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Blackwall in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
Is it best to go with a Blackwall conveyancing lawyer who is local to the property I am hoping to buy? I have an old university friend who can perform the legal work however his firm is located 200miles away.
The primary upside of using a high street Blackwall conveyancing firm is that you can attend the office to sign documents, hand in your ID and apply pressure on them if necessary. They will also have local intelligence which is a benefit. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were impressed that should surpass using an unknown Blackwall conveyancing lawyer just because they are round the corner.