It is is a decade since I acquired my property in Hackney. Conveyancing lawyers have now been appointed on the sale but I can't find my title documents. Will this cause complications?
You need not be too concerned. First the deeds may be with the mortgage company or they may be in the possession of the conveyancers who acted in your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Hackney involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
Our lender has recommended a law firm on their panel based in Hackney but I would rather choose a conveyancing lawyer in Hackney round the corner to me. Can you assist?
Not all Hackney conveyancing practitioners are listed all banks conveyancing panel. Please make use of our find an approved solicitor tool to locate a Hackney conveyancing firm on the on the mortgage company panel.
Me and my partner are purchasing a property in Hackney. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to put 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.
We have a mortgage agreed in principle with UBS. Hackney conveyancing practitioners are instructed. What is the average time that one could expect to receive a mortgage offer from UBS?
Some lenders take longer than others. Have UBS completed the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am expecting a OIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Hackney solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Hackney solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
How does conveyancing in Hackney differ for newly converted properties?
Most buyers of new build premises in Hackney come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Hackney tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hackney or who has acted in the same development.
I am looking for a flat up to £235,500 and identified one near me in Hackney I like with a park and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Hackney in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Is it possible to switch solicitor as I need to choose a firm on the Santander conveyancing panel. I was using a local conveyancing solicitor in Hackney five minutes from me but he is not approved by Santander
We will our best to assist in finding you a conveyancing solicitor in Hackney on the Santander panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Hackney. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Hackney.