I was told recently by my mortgage adviser that my Hackney lawyer is not on the bank Solicitor panel. How can I be sure if this is correct?
The best course of action for you to take is to call your Hackney lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
My partner and I are selling our property in Hackney and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Hackney. Having lived in Hackney for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You should enquire of 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 life insurance to cover that same illness)
I am buying my first flat in Hackney with a mortgage from Aldermore. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about this deal as it could affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Over the last few months I have been searching for a flat up to £195,000 and found one near me in Hackney I like with a park and station nearby, however it only has 49 years on the lease. There is not much else in Hackney suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan that many years will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign 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 solicitor concerning this.
What does commercial conveyancing in Hackney cover?
Non domestic conveyancing in Hackney incorporates a wide array of guidance, supplied by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
We are thinking of using an online conveyancing practitioner ahead of a Hackney conveyancing firm. Any advice?
Numerous benefits exist in being able to attend a local Hackney conveyancing solicitor for instance
- signing documents and and when necessary
- getting one on one explanations of issues you don't understand
- the ability to raise concerns if matters need to addressed
When comparing estimates, look out for hidden extras. The majority decent Hackney high street solicitors give an all-inclusive figure. Many online companies appear to offer discounted prices, yet have hidden 'extras' in the in the terms and conditions.