Why do I have to pay up front for conveyancing in Hackney?
If you are buying a property in Hackney your solicitor will request that you put them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the purchase price then this will be needed immediately ahead of exchange of contracts. The final balance that is needed should be transferred shortly before completion.
I just acquired a flat at auction in Hackney. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you now have to instruct a conveyancing solicitor soon as you are facing a fast approaching deadline in which to complete the conveyancing. An auction property will ordinarily have a corresponding legal pack. This will include most,if not all of the documents that your conveyancer will need. In the case of leasehold premises the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You should pass this on to the conveyancer instructed by you at the earliest opportunity. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
Last month we had a mortgage agreed in principle with Nationwide. Hackney conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
There is no definitive answer here. Have Nationwide conducted the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my flat. I had a double glazing fitted in April 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, RBS are being difficult. The Hackney solicitor who is on the RBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require fast conveyancing in Hackney as I am faced with an ultimatum to complete inside 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at liberty not to have searches conducted although no conveyancer would suggest that you don't. With plenty of history conveyancing in Hackney the following are instances of issues that can crop up and therefore impact future mortgageability: Enforcement Actions, Outstanding Fees, Overdue Grants, Road Schemes,...
It has been 2 months following my purchase conveyancing in Hackney concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 property 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.
We're novice buyers - agreed a price, yet the agent informed us that the seller will only move forward if we use their recommended lawyers as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Hackney
It is unlikely the owners are driving this. Should the owner require ‘a quick sale', alienating a genuine purchaser is counter productive. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you are going to instruct your preferred Hackney conveyancing lawyers - not the ones that will earn their estate agent a referral fee or hit his conveyancing figures pre-set by senior management.
At last I have had an offer on an flat in Hackney agreed to, but there is a chain. The sellers have submitted an offer on somewhere, however it’s not been accepted yet, and has viewings of other apartments in the pipeline. I have selected a local conveyancing solicitor in Hackney. What should be my next step? When do I get the mortgage application with Skipton started with Skipton?
It is normal to have concerns where there is an associated chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then survey, Hackney conveyancing search fees, etc). The first thing to do is ensure that your lawyer is on the Skipton approved list. Regarding the next phase this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. In a hot market many buyers would apply for a home loan with Skipton and arrange for the valuation and only if it was satisfactory would they ask their solicitor to proceed with the conveyancing in Hackney.