I am hoping to receive a mortgage offer from Lloyds. I would like to instruct a Licensed Conveyancer in Hackney. Does the Lloyds Solicitor panel allow for conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
The vendors of the property we are purchasing have instructed a conveyancing solicitor in Hackney who has recommended a exclusivity agreement with a deposit 6,000. Is it wise to enter into such agreements?
Exclusivity agreements are agreements between a property owner and prospective buyer granting the buyer the sole right to purchase the premises for a certain period of time. For all intents and purposes, an exclusivity is a document stating that you should be issued with a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer assurance though in many situations, the seller may stand to benefit from such agreements as well. There are many positives and negatives to having an agreement but you should to check with your lawyer but beware that it may end up incurring more in conveyancing fees. In light of these reasons these contracts are rare when it comes to conveyancing in Hackney.
I am close to exchanging contracts on the sale of our house in Hackney and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Hackney lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Hackney. We have lived in Hackney for 5 years we know of no issue. Do we contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should 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 illness)
I am looking for a flat up to £305k and found one close by in Hackney I like with a park and transport links nearby, however it only has 61 years on the lease. There is not much else in Hackney suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I was advised by numerous property agents in Hackney to find a solicitor on your site. Is there a financial inducement for Estate Agents to recommend your services over and above alternative conveyancing organisations?
We don’t make any referral fee for sending work our way. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Am I better off to go with a Hackney conveyancing practitioner in close proximity to the house I am purchasing? An old friend can perform the legal work however her office is 400kilometers drive away.
The primary upside of using a high street Hackney conveyancing firm is that you can visit the firm to execute paperwork, present your ID and apply pressure on them if necessary. They will also have local knowledge which is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that must outweigh using an unknown Hackney conveyancing lawyer just because they are Hackney based.