Me and my partner are purchasing a flat in South Hackney. It might be a silly question but how we can trust a solicitor? On the day of competition we have to deposit money into their account. What is the protection we have from them run away with our monies?

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.

What is the difference between a licensed conveyancer and conveyancing solicitor in South Hackney

There are many registered licenced Conveyancers in South Hackney and Solicitor firms in South Hackney offering conveyancing It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. The two can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

Is it the case that all South Hackney CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing panel?

It is true that some banks and building societies now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.

I purchased my apartment on 13 February and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in South Hackney expressed confidence that it will be formalised in a couple of weeks. Are properties in South Hackney particularly slow to register?

There is nothing unique when it comes to conveyancing in South Hackney registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd parties. At present roughly 80% of such applications are completed within 12 days but some can be subject to extensive delays. Historically registration is effected once the new owner has moved in to the premises therefore post completion formalities is not typically top priority yet if there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.

How does conveyancing in South Hackney differ for newly converted properties?

Most buyers of new build residence in South Hackney approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in South Hackney typically acquire 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 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 accustomed to new build conveyancing in South Hackney or who has acted in the same development.

What tools are available to search for a South Hackney law firm on the TSB conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the lawyer.

Feel free to make use of the search on this page. Please choose the bank and your location and you will see a number of South Hackney conveyancing lawyers located nearest you. We have detailed some South Hackney conveyancing firms at the bottom of this page and you can contact them to see if they are on the TSB approved list

I am hoping to complete next month on a studio apartment in South Hackney. Conveyancing solicitors inform me that they report fully on Monday. What should I be looking out for?

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

specifics of the parties to the lease, e.g. these could be the leaseholder, superior lessor, landlord Does the lease prevent you from renting out the flat, or having a home office for business You should know if the lease allows you to add or improve anything in the flat- you must know whether any restrictions relates to all alterations or limited to structural alteration, and whether licences for alterations is required Your lawyers should enable you to have an understanding of the building insurance provisions

Despite our best endeavours, we have been unsuccessful in trying to purchase the freehold in South Hackney. Can this matter be resolved via the Leasehold Valuation Tribunal?

Absolutely. We are happy to put you in touch with a South Hackney conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a South Hackney flat is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case related to 4 flats. The unexpired term as at the valuation date was 90 (or thereabouts).