Should conveyancers ask for money on account for conveyancing in Hackney?
Where you are retaining lawyers for conveyancing in Hackney your lawyer will request that you to provide them with funds to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. When the down payment is payable against the sale price then this will be needed shortly ahead of contracts are exchanged. The closing balance that is due should be sent to your lawyer shortly before completion.
What happens if my lawyer’s firm is removed from the Kent Reliance Conveyancing panel ahead of completing my conveyancing in Hackney?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I used Action Conveyancing a few years past for my conveyancing in Hackney. Now, I need my files however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hackney of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing a new build house in Hackney benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not to tell my lawyer about this side-deal as it could impact my mortgage with The Royal Bank of Scotland. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 opted to have a survey done on a house in Hackney in advance of retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders will refuse to give a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hackney. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my uncle I am disposing of a property in Monmouth but reside in Hackney. My conveyancer (approximately 200 kilometers from mehas requested that I sign a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Hackney who can witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Hackney