My best friend’s mother is a property lawyer. I expect that I can be offered mate’s pricing for conveyancing, However if that does not come materialise, what kind of costs should I be paying for conveyancing in Hackney Wick?
You should compare pricing. Make use of our comparison tool on this page. The prices do be different but the service one can expect are distinct between solicitors as is the case with the vast majority of professional services.
We are purchasing a newly constructed apartment in Hackney Wick and my solicitor is advising me that she has to the lender to disclose incentives from the developer. I am on a tight deadline to exchange and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What is the difference between a licensed conveyancer and conveyancing solicitor in Hackney Wick
Two types of professional can conduct conveyancing in Hackney Wick namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or acquisition of property. They are both required to handle Hackney Wick conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that the requirements and procedures should be correctly attended to.
We expect to receive a DIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Hackney Wick solicitors on the RBS conveyancing panel, or is it better to go independently?
You will need to appoint Hackney Wick solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I have paid off my mortgage with UBS. I assume I don't need a Hackney Wick conveyancing practitioner on the UBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
We are intent on selling our home in Hackney Wick and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Hackney Wick conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a factory type conveyancing practice as opposed to a conveyancing solicitor in Hackney Wick. Having lived in Hackney Wick for six years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You must check with 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 health insurance to cover that same sickness)
Due to the encouragement of my in-laws I had a survey completed on a property in Hackney Wick prior to retaining solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks tend not issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hackney Wick. Conveyancing will be smoother if you use a solicitor in Hackney Wick especially if they are accustomed to such properties in Hackney Wick.
When it comes to my conveyancing in Hackney Wick should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Hackney Wick conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.