I am in need of a conveyancer. Do I opt for an internet conveyancer rather than a local Canary Wharf conveyancing lawyer?
In the main conveyancing practitioners in your neck of the woods will enjoy strong connections with your local authority, which could assist with your Canary Wharf conveyancing searches that your lawyer will inevitably need. It also helps if they enjoy existing relationships with the Local Land Registry Office your area Canary Wharf, other conveyancers in the area and Canary Wharf Estate Agents.
The Canary Wharf conveyancing firm that I recently instructed on my purchase in Canary Wharf have without warning shut down. I only went with them because I had to have a solicitor on the Virgin Money conveyancing panel and my family Canary Wharf lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I have been told that property searches are the main cause of stalling in Canary Wharf conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Canary Wharf.
I used Action Conveyancing a few years past for my conveyancing in Canary Wharf. Now, I need the files however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Canary Wharf of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Canary Wharf. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Canary Wharf
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the input of my in-laws I had a survey completed on a property in Canary Wharf in advance of instructing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some banks tend refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Canary Wharf. Conveyancing will be smoother if you use a solicitor in Canary Wharf especially if they regularly deal with such properties in Canary Wharf.