How does conveyancing in Canary Wharf differ for new build properties?

Most buyers of new build or newly converted property in Canary Wharf come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because builders in Canary Wharf tend to buy the land, 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 property lawyers 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 Canary Wharf or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Canary Wharf is where the house is located. Can you shed any light on this issue?

Flying freeholds in Canary Wharf are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Canary Wharf you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canary Wharf may determine 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 selling my property. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Canary Wharf if that affects matters.

Please use our search tool to help you choose a solicitor for your conveyancing in Canary Wharf. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.

In sourcing the world wide web for the words cheap conveyancing in Canary Wharf it reveals numerous solicitorsin the vicinity. With so much choice what is the best way to find the right conveyancer for purchase transaction?

The best method of finding the right conveyancer is through a trusted testimonial, so seek the counsel of friends and relatives who have acquired a property in Canary Wharf or the reputable estate agent or financial adviser. Costs for conveyancing in Canary Wharf differ, so it's sensible to obtain at least three costs illustrations from different companies. Make sure that you clarify what costs in the quote includes.

Due to complete next month on a ground floor flat in Canary Wharf. Conveyancing lawyers have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Canary Wharf should include some of the following:

Alterations to the property What remedies are open the freeholder should you are in breach of your lease terms? Who has the liability for maintaining the window frames Details of the parties to the lease, for example these could be the leaseholder, head lessor, freeholder 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.

Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Canary Wharf. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

You certainly can. We are happy to put you in touch with a Canary Wharf conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Canary Wharf residence is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case related to 3 flats. The unexpired lease term was 101.61 years.