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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: 18/04/17

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.

Is a drainage search a disbursement or fee?

A.

It may not be obvious whether a quoted cost is a fee or disbursement. This charge, for example, is a disbursement not a fee, and is passed on at cost.

Q.

What length of time does it take my designated lawyer to get through the legal work for a flat in a period house we want to buy?

A.

The conveyancing process can take anywhere from 1 month to 3 months, which can be hampered by a number of factors such as the efficiency

of the vendor's conveyancing solicitor, or contentious issues that may arise. Our highly solicitors are focused on communication completing the legal process in as short a time as realistically possible.

Q.

How many mortgage lenders in Canary Wharf do you work with?

A.

Homeward Legal have worked with the bulk of lenders approved by the Council of Mortgage Lenders. A number of mortgage specialists operate in Canary Wharf, including HSBC Bank, 8 Canada Sq, London, E14 5HQ. The Canary Wharf solicitor handling the work for your sale or purchase can advise further.

Q.

We are concerned about council tax rates on a Sixties terraced property in Canary Wharf, how much are they?

A.

Almost always a report on title should give detail the Tower Hamlets council tax band. Up-to-date rates for properties in Canary Wharf are tabled on the Tower Hamlets local authority website. At the time of authoring (17/12/2012) rates are:

  • Band A - £795.00
  • Band B - £927.00
  • Band C - £1,060.00
  • Band D - £1,192.00
  • Band E - £1,457.00
  • Band F - £1,722.00
  • Band G - £1,987.00
  • Band H - £2,384.00

Q.

What will our searches be?

A.

With a Homeward Legal solicitor, clients buying a property expected to pay at a maximum £249 for the standard search bundle. Searches are paid to a third party, and will not be included in a solicitor's fees.

Q.

How is Canary Wharf contaminated land identified when buying a house?

A.

Residential property in Canary Wharf will be contaminated by a range of factors caused by man and by nature, and an environmental search should reveal if a house is affected by local contaminants like potentially contaminative use of nearby land.

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.

 
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