Just been in touch with my conveyancing lawyer in Hackney who conducted the legals 18 months ago asking for a conveyancing estimate based on the same type of house sale & purchase (a leasehold residence and a freehold property) of almost identical values with a mortgage from Coventry Building Society. It looks as though am now being quoted twice the amount. Should I look for an alternative firm of conveyancing solicitor?
The charges seem a bit high. If you are willing to spend time contrasting quotes you could reduce the fees slightly by perhaps £125. On the other hand, providing that you were content with the assistance the firm offered you couldcome to regret opting for an a cheaper solicitor. If is important to enquire that the solicitor can act for Coventry Building Society. You can employ our search tool to find a Hackney conveyancing firm on the Coventry Building Society conveyancing panel, which can often include conveyancing solicitors in Hackney.
My partner and I are only a couple days away from an exchange on a flat in Hackney and my mum and dad have transferred the exchange deposit to my lawyer. I am now informed that as the deposit has not arrived from me my conveyancer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The lawyer is legally required to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
five months have gone by following my purchase conveyancing in Hackney completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Hackney differ for new build properties?
Most buyers of new build premises in Hackney approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Hackney usually buy the site, 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 accustomed to new build conveyancing in Hackney or who has acted in the same development.
I am looking to sell my home. My past conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Hackney if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Hackney. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am attracted to a couple of apartments in Hackney which have in the region of forty five years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the premises for a period of time. As a lease gets shorter the value of the lease decreases and it becomes more costly to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.
I have given up trying to purchase the freehold in Hackney. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Hackney conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Hackney flat is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case affected 4 flats. The unexpired residue of the current lease was 90 (or thereabouts).