We are purchasing a flat in Wapping. It might be a silly question but how we can trust a conveyancer? On completion day we will need to deposit our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Clydesdale panel conveyancers in Wapping on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings open the public online. Where you are in need of a Wapping conveyancer on the Clydesdale please make the most of our facility.
Skipton have agreed my mortgage in principle, my bid on a property in Wapping has been agreed to, what happens next?
The property agent will need to be advised as to your conveyancing practitioner's details (make sure the lawyers are on the bank’s approved list). Telephone Skipton or your broker and finish off any outstanding forms. Skipton will sellect a valuer who will get in touch with the selling agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Skipton will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Wapping.
Me and my brother have a 4 bedroom Georgian house in Wapping. Conveyancing solicitor represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wapping and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing lawyer who conducted the conveyancing.
How does conveyancing in Wapping differ for newly converted properties?
Most buyers of new build premises in Wapping come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Wapping typically buy the real estate, 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 Wapping or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Wapping I like with a park and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Wapping for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the shortness of the lease may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How simple is it to change solicitor as I have to find one who is on the Halifax conveyancing list. I instructed a local conveyancing solicitor in Wapping round the corner but he is not approved by Halifax
It would be our pleasure to assist you find a conveyancing solicitor in Wapping on the Halifax panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Wapping. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Wapping.