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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 transaction 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

Is it possible for conveyancing in Canary Wharf to be finalised in under 10 days?

First, If you are under pressure for your conveyancing we would recommend that your lawyer is familiar with the location as they will benefit local relationships and intelligence. It is even conceivable that they may have handled otherproperties in the same neighbourhood. You would be best advised to use a Canary Wharf conveyancing solicitor. In addition, be sure that the lawyer is on the lender panel. It is claimed that just under twenty per cent of Canary Wharf conveyancing deals are held up or derailed after finding out that a buyer’s solicitor was not on their banks member panel. In many cases this discovery resulted in the legal transfer of property being held up by almost 21 days. It is believed that this issue affects in the region of 100,000 home sales every year. Many Canary Wharf conveyancing practices can not represent certain banks so do check as early as possible.

Do lenders provide you with an approved list of Canary Wharf conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?

Canary Wharf conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.

Will our lawyer be raising questions concerning flooding as part of the conveyancing in Canary Wharf.

Flooding is a growing risk for lawyers dealing with homes in Canary Wharf. There are those who purchase a house in Canary Wharf, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Lawyers are not qualified to impart advice on flood risk, however there are a numerous checks that may be undertaken by the purchaser or on a buyer’s behalf which will figure out the risks in Canary Wharf. The conventional set of property information forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to find out if the premises has historically flooded. In the event that flooding has previously occurred and is not revealed by the vendor, then a buyer may issue a claim for damages stemming from an inaccurate response. The buyer’s conveyancers will also order an enviro report. This will disclose if there is any known flood risk. If so, further investigations should be conducted.

Just acquired a detached house in Canary Wharf , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Canary Wharf conveyancing solicitor has been painfully slow, so I want to be sure the registration is concluded.

As far as conveyancing in Canary Wharf registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any interested parties. At present approximately three quarters of submission are completed within 12 days but occasionally there can be extensive hold-ups. Registration takes place once the purchaser has moved in to the premises therefore an expedited registration is not usually primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.

Am I right to be wary about third parties that I am dealing with are suggesting a factory type conveyancing firm rather than a local Canary Wharf conveyancing company?

As with many professional services, often suggestions from relatives can be most helpful. Yet there are numerous people with a vested interest in a conveyancing matter; estate agents, financial adviser and lenders might all put forward lawyers to use. On occasion the solicitors might be known to one of the organisations as being good in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are free to select your preferred conveyancer. You need to be aware that many lenders specify a panel list of law firms you must use for the mortgage related work in your transaction.

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