Can conveyancing in Hackney Wick to be done in less than 28 days?
In the event that the seller is applying pressure to exchange it is advisable to make sure that your solicitor is familiar with the location as they will benefit local connections and insight. It is possible that they would have handled previousproperties in the same neighbourhood. You would be best advised to use a Hackney Wick conveyancing lawyer. Second, make sure that the lawyer is on the lender panel. It is claimed that 18% of Hackney Wick conveyancing transactions are frustrated or derailed after discovering a purchaser’s conveyancer was not on their banks member panel. This can often result in the buying process being held up by as much as three weeks. It is understood that this issue impacts approximately one hundred thousand home moves annually. Almost all Hackney Wick conveyancing firms can not represent certain lenders so do check at the outset.
At what point will exchange of contracts happen for sale conveyancing in Hackney Wick and do I need to be at the solicitors branch?
If you are near to our conveyancing solicitors in Hackney Wick you are invited in to sign documents. That being said, the lender approved solicitors we work with supply a nationwide conveyancing service and give just as comprehensive and professional a job for you when communicating with you digitally. The executing of the sale agreement is not the important part. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hackney Wick)to be in the office at the appropriate time.
We are downsizing from our home in Hackney Wick and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Hackney Wick lawyer would know that there is no such problem. It does beg the question why the buyers are using a nationwide conveyancing practice rather than a conveyancing solicitor in Hackney Wick. Having lived in Hackney Wick for three years we know that this is a non issue. Do we contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must 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 sickness)
It has been three months since my purchase conveyancing in Hackney Wick concluded. I have checked the Land Registry site 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 asset 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Hackney Wick is where the house is located. Is there any guidance you can give?
Flying freeholds in Hackney Wick are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hackney Wick you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hackney Wick may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Me and my partner are purchasing a three room flatin Hackney Wick with a loan from a bank. We have selected a solicitor in Hackney Wick but our mortgage company says she’s not on their "panel". It seems we have little choice but to instruct one of the our mortgage company panel firms or keep our Hackney Wick conveyancer and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage company mortgage offered to you is subject to its terms and conditions, one of which will be that solicitors will on the mortgage company's conveyancing panel. in the past, most mortgage companies had open panels, including almost all conveyancing solicitors in Hackney Wick : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your mortgage company.