I am not in a position to travel far from Hackney Wick. I would like to know the reason why all Hackney Wick conveyancing practitioners aren't automatically on all lender panels?
Mortgage companies point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. It led to mortgage companies pruning less reputable firms off their official list of approved lawyers .
My wife and I are acquiring a brand new duplex in Hackney Wick and my solicitor is informing me that she is duty bound to the bank to reveal incentives from the developer. I am under pressure to exchange and I don't want to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would prefer to appoint a Hackney Wick based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers should you take up the "fee-free" deal. Contact the lender to explore if they make available a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Hackney Wick.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Hackney Wick and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial leaseholders, granting the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Hackney Wick is one of the numerous areas of the UK in which our lawyers are located
Looking forward to complete next month on a leasehold property in Hackney Wick. Conveyancing lawyers assured me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Hackney Wick should include some of the following:
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The physical extent of the demise. This could be the flat itself but might include a roof area or cellar if relevant. The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Advice concerning the obligations as set out in the lease to pay service charges - in relation to the building, and the more general rights a lessee enjoys You need to be advised what counts as a Nuisance in the lease Repair and maintenance of the flat
I am the registered owner of a first flat in Hackney Wick. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
Where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to decide the price.
An example of a Freehold Enfranchisement case for a Hackney Wick residence is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case related to 2 flats. The number of years remaining on the existing lease(s) was 72.02 years.
We yesterday become aware that one of the directors of the law firm handling the purchase conveyancing in Hackney Wick is an uncle of the owners that we are buying from. Is this acceptable?
Provided there is no conflict of interest this is permitted. If you are obtaining a home loan then the mortgage company may have a say as many banks have specific instructions on this. For example for Leeds Building Society as of 16/1/2026, the requirements read as follows :
• a different person deals with the conveyance (i.e. not the borrower or a member of the borrower's immediate family);
• there is no conflict of interest and none arises during the transaction; and
• the Law Society guidelines are followed.