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Find a Canary Wharf Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Canary Wharf? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Canary Wharf conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Canary Wharf conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Canary Wharf

Can conveyancing in Canary Wharf to be finalised in under 3 weeks?

In the event that the seller is applying pressure for your conveyancing we would recommend that your lawyer is familiar with the area as they will make use of local contacts and insight. It is even conceivable that they would have conducted otherproperties in the same street. You would be best advised to use a Canary Wharf conveyancing lawyer. Second, ensure that the conveyancing firm is on the member panel. It is said that 18% of Canary Wharf conveyancing deals are frustrated or jeopardised after discovering a buyer’s conveyancer was not on their banks panel. In many cases this discovery resulted in the conveyancing being delayed by an average of three weeks. It is said that this issue impacts approximately one hundred thousand home moves annually. Most Canary Wharf conveyancing firms can not act for certain banks so do check at the outset.

The Canary Wharf conveyancing solicitors that I appointed last week on my house acquisition in Canary Wharf have suddenly closed. I chose them because I had to have a solicitor on the Virgin Money conveyancing panel and my previous Canary Wharf lawyer was not. I wrote them a cheque for two hundred pounds in advance. What do I do now?

Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.

I decided to have a survey completed on a house in Canary Wharf before appointing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders will refuse to grant a mortgage on this type of property.

It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Canary Wharf. Conveyancing may be slightly more expensive based on your lender's requirements.

Estate agents have just been given the go-ahead to market my garden apartment in Canary Wharf. Conveyancing is yet to be initiated, however I have just had a half-yearly service charge demand – what should I do?

The sensible thing to do is pay the maintenance contribution as normal as all ground rent and service charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I am the registered owner of a garden flat in Canary Wharf. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?

Where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the sum to be paid.

An example of a Freehold Enfranchisement matter before the tribunal for a Canary Wharf flat 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 residue of the current lease was 101.61 years.

I am considering using a web based solicitor as opposed to a Canary Wharf conveyancing firm. Any advice?

Various benefits exist in being able to pop in to a local Canary Wharf conveyancing solicitor for instance

  • signing papers same day
  • often being able to see someone face-to-face can make a significant difference, particularly for non-standard transactions
  • the ability to raise concerns if matters need to addressed

When analysing fees, look carefully for hidden extras. Most decent Canary Wharf high street solicitors give an all-inclusive price. Many online agents appear to offer cheap prices, yet have burried 'extras' in the small print.

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Neighbouring Locations

Limehouse
Poplar
Canary Wharf
Blackwall
Cubitt Town

Find out more about how flying freehold can affect your the value of a property.