My wife and I are purchasing a ground floor flat in Canary Wharf. My Solicitor is not on the lender solicitor panel. Is it possible for me to use my Canary Wharf conveyancing solicitor even though they are excluded from the lender panel?
You must use a conveyancer to complete the legal work required if you require a loan to buy your home. They will conduct all the essential investigations on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in place. One can appoint a Canary Wharf conveyancing practitioner of your choice. Nevertheless, where the conveyancing practitioner appointed is not a member of the bank approved list further costs will be incurred as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your solicitor has not previously applied for membership they should take the opportunity to apply.
My partner and I are nearing an exchange on a house in Canary Wharf and my parents have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is obliged to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are buying a house in Canary Wharf. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to send money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am helping my aunt sell her flat in Canary Wharf. Will the conveyancer commission an energy performance certificate or should I organise this?
After the abolition of HIPs, EPC’s became a required element of moving property. An energy performance certificate should be to hand prior to the property being advertised. This is not something that solicitors ordinarily organise. If you are instructing a Canary Wharf conveyancing solicitor they might help arrange energy assessments given their relationships with reputable local energy assessors
I am selling my house. I had a double glazing fitted in October 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Nottingham are being problematic. The Canary Wharf solicitor who is on the Nottingham conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. Canary Wharf is the location of the property. Is there any advice you can impart?
Flying freeholds in Canary Wharf are rare 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 very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canary Wharf 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.
Is there anything unique about your site and other web based conveyancing solicitors for conveyancing in Canary Wharf?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Canary Wharf. As opposed to estate agents and brokerage sites we do not have referral arrangements with solicitors. Some agents and online brokers 'recommend' solicitors that pays the highest kickback, rather than the best value conveyancing in Canary Wharf
My cousin has recommend that I appoint his conveyancers in Canary Wharf. Should I use them?
No doubt the ideal way to choose a conveyancing solicitor is to have recommendations from friends or relatives who have used the firm you're considering.