Recently contacted my conveyancing solicitor in South Hackney who acted for me 18 months ago requesting a conveyancing quote based on the same type of house move (a leasehold property and a freehold property) of almost identical values with a mortgage from TSB. I am now being quoted twice the amount. Better the devil I know or should I seek out an alternative property lawyer?
The quote is slightly on the expensive side. If you shop around you could get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, providing that you were content with the conveyancing the firm gave you couldcome to regret opting for an a cheaper conveyancer. Remember to check that the solicitor can represent TSB. Do utilise our search tool to choose a South Hackney conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in South Hackney.
My partner and I are purchasing a newly constructed apartment in South Hackney and my lawyer is advising me that she is duty bound to the mortgage company to reveal incentives from the seller. I am on a tight deadline to exchange and I don't want to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. 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 does my ID and proof of funds have anything to do with my conveyancing in South Hackney? What am I being asked for?
In order to comply with Money Laundering Regulations any South Hackney conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing where you live.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to ascertain not just the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We are buying a detached bungalow in South Hackney. The intention is to an extension at the rear at the property.Will legal conveyancing on the property involve investigations to see if these alterations are allowed?
Your conveyancer will review the registered title as conveyancing in South Hackney can sometimes reveal restrictions in the title documents which restrict certain alterations or necessitated the permission of a 3rd party. Some extensions need local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these things with a surveyor prior to committing yourself to a purchase.
I have decided to exercise my right to buy my property in South Hackney off the council. I have a mortgage offer with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
After shopping around on the internet I have found a South Hackney conveyancer having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your South Hackney postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in South Hackney.
How does conveyancing in South Hackney differ for new build properties?
Most buyers of new build or newly converted property in South Hackney contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in South Hackney usually acquire the site, 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 conveyancing solicitors 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 used to new build conveyancing in South Hackney or who has acted in the same development.
I am downsizing from my house. My past conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in South Hackney if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in South Hackney. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.