My friend's sister is a property lawyer. I hope that I can be offered preferential fee for conveyancing, However if that does not come materialise, what kind of fees would I typically be looking at for conveyancing in Canary Wharf?
Do compare pricing. Do use our comparison tool on this page. The charges will contrast greatly but service levels do differ between law firms as is true with the vast majority of professional services.
I am under pressure from the executor of a property in Canary Wharf to complete within four weeks. What can be done to speed up the conveyancing process?
First, If you are under a tight deadline for your conveyancing we would recommend that your solicitor is familiar with the area as they will benefit local contacts and intelligence. It is possible that they would have transacted previoushomes in the same street. You would be best advised to use a Canary Wharf conveyancing solicitor. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is believed that 18% of Canary Wharf conveyancing transactions are suspended or derailed after finding out that a purchaser’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the transaction being held up by as much as three weeks. It is said that this issue impacts in the region of 100,000 home moves annually. Almost all Canary Wharf conveyancing firms can not represent certain banks so do check as early as possible.
I am planning on selling our house in Canary Wharf and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Canary Wharf conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Canary Wharf. We have lived in Canary Wharf for 4 years we know of no issue. Do we get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am looking for a ground for flat up to £305k and found one near me in Canary Wharf I like with a park and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Canary Wharf suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
Harry (my fiance) and I may need to rent out our Canary Wharf ground floor flat temporarily due to a career opportunity. We used a Canary Wharf conveyancing practice in 2003 but they have since shut and we did not have the foresight to get any advice as to whether the lease permits subletting. How do we find out?
A lease governs relations between the freeholder and you the leaseholder; specifically, it will say if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Canary Wharf do not prevent strict prohibition on subletting – such a provision would undoubtedly devalue the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Canary Wharf. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Canary Wharf conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Canary Wharf property 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 affected 3 flats. The unexpired lease term was 101.61 years.
My fiance is purchasing a shared ownership flat in Canary Wharf. He was given a quote by the property lawyer suggested by the estate agents and it came to £1156 . It was 9 years ago I sold and purchased a property and the bill was £500. Have charges really increased to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Canary Wharf searches, land registry fees, etc)