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Transfer of Equity in Canary Wharf

A transfer of equity occurs when a property owner wishes to change the legal ownership of the property. Reasons include marriage, divorce and tax planning.

Homeward Legal's solicitors offer expert legal assistance with your transfer of equity.

Get an instant quote for a transfer of equity in Canary Wharf.

Remortgage Solicitors Canary Wharf

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Canary Wharf clients every week.

We strive to complete your remortgage legal work quickly, so that you benefit from your new mortgage deal as soon as possible.

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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: 02/12/16

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.

How can I avoid getting gazumped?

A.

Gazumping occurs when a seller acknowledges an offer, only to reject it, opting for a higher offer. Although gazumping is less common in a declining market, there will always be a risk. The first step in reducing the chance that gazumping will effect you is to instruct a solicitor early.

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.

Do we need a chancel search when we are purchasing in Canary Wharf?

A.

In Canary Wharf, where land was once owned by a lay rectors, new owners of that property may be obliged to cover the cost of maintenance of a medieval church. Indemnity policies can be arranged if chancel liability is likely to be enforced. The solicitor carrying out the legal work for your move will confirm that a chancel search is appropriate.

Q.

Does your solicitors firm get involved in auction conveyancing in Canary Wharf?

A.

Our firm is very capable working with residential property auction procedures. Very often specialist lots e. g. thatched cottages are purchased in property auctions and these demand further. Solicitors therefore recommend bidders to select a CQS conveyancing firm in advance of the auction day to allow for a full report.

Post auction your conveyancing lawyer will be able to concentrate on concluding the transaction within as short a time frame as conventionally required .

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.

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.

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.

 
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