My family solicitor has quoted £1150 for fixed fee conveyancing in Canary Wharf. I am looking to sell a purpose built house for £275,000. Is this expensive? Is it in excess of the norm for conveyancing in Canary Wharf?
The charges are a bit high. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, you couldcome to regret choosing an an unknown conveyancer. If is important to check the solicitor can act for your bank. You can make use of our search tool to select a Canary Wharf conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Canary Wharf.
My wife and I purchasing a 4 bedroom semi-detached house in Canary Wharf. We would like to carry out an extension to the side at the property.Will the conveyancing process include enquiries to see if these alterations are allowed?
Your solicitor should check the deeds as conveyancing in Canary Wharf can sometimes reveal restrictions in the title documents which restrict certain works or need the permission of a 3rd party. Many additions need local authority planning consent and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these issues with a surveyor ahead of any purchase.
I happen to be the sole recipient of my late father’s will and I have everything in my name alone, including the my former home in Canary Wharf. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the property in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How practical a view lenders take of it, depend on the mortgage company as this requirement primarily exists to pick up on the purchase and immediately sell or the quick reselling of properties.
When it comes to mortgage companies such as Skipton, do Canary Wharf solicitors face a fee to be on the list of approved solicitors?
We are unaware of any bank fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Canary Wharf is where the house is located. What do you suggest?
Flying freeholds in Canary Wharf are not the norm 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 would need to get your solicitor to go 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 decide 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.
Given that I am about to spend hundreds of thousands of pounds on a property in Canary Wharf I wish to talk to a conveyancer concerning theconveyancing ahead of appointing the firm. Is this something that you can arrange?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your conveyancing in Canary Wharf.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Canary Wharf should be the amount on the final invoice that you are charged.
Can you offer any advice when it comes to choosing a Canary Wharf conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Canary Wharf conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Canary Wharf conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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Can they put you in touch with clients in Canary Wharf who can give a testimonial?
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Canary Wharf conveyancing firm to act on my behalf?
Absolutely. We are happy to put you in touch with a Canary Wharf conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Canary Wharf premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case was in relation to 3 flats. The unexpired term was 101.61 years.
To what extent are Canary Wharf conveyancing solicitors under an obligation to the Law Society to publish clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Canary Wharf or or elsewhere in the country.