Can you help - my lawyer advises that chancel insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Canary Wharf?
The right level of chancel indemnity insurance depends on your lender. It would differ for example between Santander and The Royal Bank of Scotland. Conveyancing lawyers as opposed to borrowers take out such policies.
I have paid off my mortgage with Virgin Money. I assume I don't need a Canary Wharf lawyer on the Virgin Money panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
Clydesdale have agreed my home loan in principle, my offer on a flat in Canary Wharf has been accepted, now what?
Your property agent will wish to be informed of your lawyer's details (make sure the conveyancers are on the bank’s panel). Contact Clydesdale or your broker and finish off any relevant documentation. Clydesdale will instruct a valuer who will get in contact with the selling agent or vendor to book a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Clydesdale will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Canary Wharf.
What can a local search inform me about the property my wife and I purchasing in Canary Wharf?
Canary Wharf conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search plays a central part in many a Canary Wharf conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
three months have gone by following my purchase conveyancing in Canary Wharf concluded. I have checked the Land Registry site which shows that I paid £175,000 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 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Canary Wharf is the location of the property. What do you suggest?
Flying freeholds in Canary Wharf are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Canary Wharf you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canary Wharf may decide 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.
My father-in-law has suggested that I instruct his conveyancing solicitors in Canary Wharf. Should I choose my own solicitor?
Much as we are happy to recommend a Canary Wharf conveyancing lawyer the best way to choose a conveyancing practitioner is to have referrals from friends or relatives who have previously instructed the conveyancer you're considering.
Is it possible for you to suggest a trustworthy Canary Wharf lawyer for purchasing an apartment? A relative recommended one but their quote was £895 for a 250k property. I think thats a tad expensive. The lender will be Santander.
The purpose of this site is restricted to being a directory service for property lawyers who wish to be listed as being on the approved conveyancing panel for Santander in certain locations such as Canary Wharf . Our intention is not to recommend any specific conveyancer.