Finally, a loan offer from NatWest for the refinancing of my 2 room apartment is to be issued any day now. Could you recommend a cheap conveyancing solicitor in Canary Wharf?
This site is not designed to help those in pursuit of a cheap conveyancing in Canary Wharf. We can offer you excellent value conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint brokers enticing you with £99 conveyancing in Canary Wharf. The optimum result, in being led by low cost conveyancing, you will get your money’s worth and at worst it will result in you paying a lot in additional fees and still not get the service required.
As someone not used to conveyancing in Canary Wharf what is the number one tip you can give me for the legal transfer of property in Canary Wharf
You may not hear this from too many lawyers but conveyancing in Canary Wharf or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and other parties involved in the transaction. For example, the vendor, property agent and sometimes the lender. Selecting a lawyer for your conveyancing in Canary Wharf should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the process whose interest is to look after your legal interests and to protect you.
Every so often a third party with a vested interest may attempt to sway you that you should follow their advice. For instance, the property agent may claim to be helping by claiming that your lawyer is slow. Or your mortgage broker may try to convince you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the conveyancing process.
We are planning to purchase with Norwich and Peterborough Building Society. I dropped in a couple of local companies but am struggling to find a Canary Wharf conveyancing firm on the Norwich and Peterborough Building Society panel. Could you help?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type Canary Wharf or your location and you will be presented with a number of lawyer based in Canary Wharf or nearest you.
How does conveyancing in Canary Wharf differ for newly converted properties?
Most buyers of new build residence in Canary Wharf come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because builders in Canary Wharf usually buy 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 conveyancers 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 accustomed to new build conveyancing in Canary Wharf or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Canary Wharf I like with open areas and transport links nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Canary Wharf in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.