My partner and I are only a couple days away from an exchange on a property in Hackney Wick and my parents have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is duty bound to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We had appointed solicitors located in Hackney Wick on the Leeds Building Society solicitor approved list. They have just invoiced me a supplemental amount for dealing with the Leeds Building Society mortgage. Is this a supplemental conveyancing fee specified by Leeds Building Society?
Provided it is contained in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. This charge is not set by Leeds Building Society but by your Hackney Wick solicitor. Numerous firms on the Leeds Building Society panel will quote an ‘acting for lender’ fee but many practices incorporate it on their overall fee.
I had a mortgage agreed in principle with Barclays. Hackney Wick conveyancing solicitors have been appointed. What is the average time that one could expect to receive a mortgage offer from Barclays?
Some lenders take longer than others. Have Barclays completed the valuation? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My husband and I are in the process of viewing flats in Hackney Wick and I am now considering a potential offer. Is it sensible to have a conveyancer on ‘stand by’? I intend to finance via a home loan with Lloyds.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are getting a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I'm purchasing my first flat in Hackney Wick with a mortgage from The Mortgage Works. The sellers would not budge the amount so I negotiated 6k of additionals instead. The sale representative told me not to tell my lawyer about this extras as it will impact my mortgage with The Mortgage Works. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Hackney Wick is where the house is located. What do you suggest?
Flying freeholds in Hackney Wick are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hackney Wick you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hackney Wick 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.
I am downsizing from my house. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Hackney Wick if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Hackney Wick. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My mother and father are unable to locate their Hackney Wick land registry title on the online search facility. They have a vague recollection back in the 70’s when they acquired the house there were complications concerning the address not being recognised in some systems.
Nearly all premises in Hackney Wick should be revealed. Have you endevoured to search to just the postcode. Usually it should disclose all the houses and flats inside that postcode. Assuming the property is recorded it will show up with a title number. Where they bought back in the 70’s it's conceivable it may be unregistered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to find the original title papers which may be with your parent’s lender.