Having been recommended your web site we were going to use a conveyancing solicitor in Canary Wharf endorsed on your site but stumbled across alternative costs illustrations via the web look less expensive – why is this?
There are numerous conveyancers marketing what appear to be cut price. We would urge you to think twice about how much you respect your own move to you are willing to take 'cheap' risks concerning the standard of the legal work. Some hide extras well inside the terms and conditions. The law firms that we put forward for conveyancing in Canary Wharf neverbehave this way.
We have rather pushy vendors who has suggested a lock out agreement with a payment 6,000. Is it wise to enter into such agreements?
This kind of preliminary agreement is unusual in Canary Wharf, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the owner has executed a lock out agreement they will sell to you. They may be in contravention of the contract if they are offered a large enough offer to do so because an aggrieved buyer with the benefit of a lockout agreement will still have to establish consequential losses from the breach and these may not equalise the financial upside that your vendor may obtain by breaching the agreement, no matter how morally condemnable that may be.
At what point can the exchange of contracts take place for residential conveyancing in Canary Wharf and am I required to be at the solicitors branch?
Where you are near to our conveyancing solicitors in Canary Wharf you are welcome to come in to sign the paperwork. That being said, the firms we work with offer a nationwide conveyancing service and give just as diligent and professional a job for you when dealing with you electronically. The signing of the property agreement is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Canary Wharf)to be in the office at the appropriate time.
I have been referred to a conveyancing solicitor in Canary Wharf. I I am struggling to find out if they are accepted on the Chelsea Building Society conveyancing panel. Could you advise?
The first thing you should do is e-mail your lawyer and ask them whether they can act for the bank. Otherwise you can call Chelsea Building Society who may be able to confirm.
I have been recommended by a number of estate agents in Canary Wharf to find a property lawyer on your site. Is there a financial advantage for Estate Agents to market your site over alternative conveyancing organisations?
We refuse to offer any commission for pointing buyers and sellers our way. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have recently realised that I have Sixty One years unexpired on my lease in Canary Wharf. I now wish to get lease extension but my freeholder is absent. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. For most situations an enquiry agent may be helpful to try and locate and prepare a report which can be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Canary Wharf.
Despite our best efforts, we have been unsuccessful in trying to purchase the freehold in Canary Wharf. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to calculate the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Canary Wharf flat 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 as at the valuation date was 101.61 years.