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Conveyancing in Canary Wharf Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 21/04/18

Canary Wharf area information

Trinity Buoy Wharf Lighthouse, Blackheath Old Dover Rd Library Art Gallery and Tate Modern Art Gallery are easily accessible from Canary Wharf.

Drivers are well catered for with Canary Wharf ideally situated with very good major road access very close at within 1m of the A102M.

Canary Wharf's nearest train station is Limehouse. Canary Wharf's nearest airport is London City Airport (3 miles). Heathrow Terminals 1 2 3 Airport is 19 miles, London Heliport Airport is 8 miles, Heathrow Terminal 5 Airport is 21 mile s, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 19 miles, Northolt Jet Centre Airport is 17 miles, Elstree Airport is 17 miles and London Biggin Hill Airport is 13 miles away.

The most convenient hospital to Canary Wharf is London Independent Stepney.

Q.

I am looking for fixed rate Canary Wharf conveyancing. Will I get a quote or and estimate?

A.

Several solicitors purport to offer supposedly cheap conveyancing, however extra fees may be added into the solicitor's terms of engagement. Excited buyers, eager to get underway, often ignore this small print when they instruct. Extras should be fair. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

What causes the purchase conveyancing process to be so delayed?

A.

Conveyancing could take more time than budgeted, Homeward Legal, however, seek to reduce their cost by pushing all parties involved. Common delays may include waiting for responses from third parties.

Q.

What type of conveyancing searches in respect to the risk of local flooding in the Tower Hamlets region will my Canary Wharf solicitor actually do?

A conveyancer applies for environmental searches that incorporate Canary Wharf flood risk area data. A significantly more detailed flood search, such as the Landmark search, could be proposed by a qualified property solicitor in Canary Wharf if in the event that the environmental search suggest a flood risk.

Q.

Will we need a survey for our property purchase?

A.

It is firmly advised that purchasers arrange a survey. It is a fact that there are many defects that can affect a property, that a solicitor will be unable to address, which include roof damage.

Q.

If I am intending to buy in the parish of Ball's Pond, should we get a chancel search?

A.

Your property lawyer should confirm that a chancel search be ordered. In Canary Wharf's much older areas, chancel repair can be imposed on the owners of a home where church councils may have spared previous owners or tenants.

Q.

The agent has referred the property lawyer. Should we instruct this firm?

A.

Many estate agents have arrangements with solicitors where they refer clients. However, if the agent is paid a fee by the solicitor, there is a risk that an agent may choose the firm which pays to the largest referral fee, not the most appropriate choice.

Q.

Britannia is our lender, is there anything we need to check?

A.

Buyers should be aware that some lenders have reduced their 'solicitor panel'. For buyers, this can result in significantly increased conveyancing costs. Homeward Legal can act on behalf of the vast majority of CML-approved lenders to keep legal costs to a minimum.

Q.

Is it insensible to carry out the conveyancing on a DIY basis ourselves.

A.

There is no argument why a home mover cant go down that route and reasonably take care of the legal work without Canary Wharf solicitor. That said, a conveyancing solicitor typically handles a huge array of activities such as approving contract or ensuring warranties are transferable which require a qualified professional. Fundamentally amateur lawyers do not have relevant insurance which qualified legal firms always obtain.