It has taken forever and a day but a mortgage offer from HSBC for the refinancing of my 2 room maisonette is coming within the next few days. Are you able to recommend a cheap conveyancing solicitor in Canary Wharf?
You have come to the wrong site to search for a cheap conveyancing in Canary Wharf. We can offer you cost effective conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint organisations offering the bait of £100 conveyancing in Canary Wharf. In your best case scenario, in being led by cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fees and still not get the service expected.
We wanted to use a conveyancing solicitor in Canary Wharf for our house move. Our financial adviser has since notified us that our mortgage company Santander won't deal with them. Surely this is unfair competition?
Pre- 2008 most mortgage companies had an appetite for risk which was higher than today. Almost all Canary Wharf conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms regarding their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum volume of transactions. Many Canary Wharf conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Canary Wharf is one of the hundreds of areas where the conveyancers we recommend are are authorised to act for Santander.
A friend advised me that in purchasing a property in Canary Wharf there may be a number of restrictions preventing external changes to a property. Is this right?
There are a number of properties in Canary Wharf which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Canary Wharf should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am due to exchange contracts on my apartment. I had a double glazing fitted in April 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, RBS are being pedantic. The Canary Wharf solicitor who is on the RBS conveyancing panel is saying indemnity insurance will be fine but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Principality have agreed my mortgage in principle, my bid on a apartment in Canary Wharf has been accepted, what are the next steps?
The property agent will wish to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Telephone Principality or your broker and finish off any outstanding paperwork. Principality will sellect a valuer who will get in touch with the estate agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Principality will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Canary Wharf.
I am purchasing a new build house in Canary Wharf benefiting from help to buy. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the deal as it would put at risk my mortgage with Norwich and Peterborough Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Canary Wharf is where the house is located. Can you shed any light on this issue?
Flying freeholds in Canary Wharf are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Canary Wharf you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canary Wharf may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
As co-executor for the will of my grandfather I am disposing of a house in Swansea but I am based in Canary Wharf. My solicitor (who is 235 kilometers awayhas requested that I sign a stat dec prior to completion. Could you suggest a conveyancing solicitor in Canary Wharf to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are based in Canary Wharf