I am in the market for a low cost property lawyer. Do I opt for a national conveyancer as opposed to a high street Canary Wharf conveyancing lawyer?
Established third party connections is an important consideration when choosing conveyancing solicitors. Canary Wharf conveyancers often have connections with mortgage brokers and agents, local authorities, valuers and other law firms meaning you will move in shortest possible time. Possessing a sound knowledge of the local area is also a plus .
We are getting closer to an exchange on a flat in Canary Wharf and my mum and dad have transferred the exchange deposit to my property lawyer. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your conveyancing practitioner is duty bound to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Are the Canary Wharf conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Canary Wharf conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Canary Wharf. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/10/2026, the requirements read as follows :
I require fast conveyancing in Canary Wharf as I am faced with a deadline to sign on the dotted line within 2 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at liberty not to have searches conducted although no lawyer would advise that you don't. With plenty of history conveyancing in Canary Wharf the following are examples of what can show up and adversely impact future mortgageability: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
I am looking at a two flats in Canary Wharf which have in the region of forty five years unexpired on the leases. Will this present a problem?
There is no doubt about it. A leasehold apartment in Canary Wharf is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the marketability of the property. The majority of purchasers and lenders, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Canary Wharf conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Canary Wharf conveyancing firm to act on my behalf?
Where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to assess the price.
An example of a Freehold Enfranchisement decision for a Canary Wharf premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case related to 3 flats. The remaining number of years on the lease was 101.61 years.