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Conveyancing in Wapping Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 18/01/18

Wapping attractions

George Inn National Trust , Trinity Buoy Wharf Lighthouse, Tate Modern Art Gallery and Temple Middle Temple Hall Historic Building are near to Wapping.

Drivers are well catered for with Wapping enjoying good road access inside 3m of the A102M.

The nearest station to Wapping is Fenchurch Street and London City Airport is 5 miles from Wapping. Heathrow Terminals 1 2 3 Airport is 17 miles, London Heliport Airport is 6 miles, Heathrow Terminal 5 Airport is 19 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 17 miles, Northolt Jet Centre Airport is 15 miles, Elstree Airport is 15 miles and London Biggin Hill Airport is 13 miles away.

The neighbouring hospital for Wapping is London Bridge.

Q.

How do I find the best rates for conveyancing for a £556,000 property?

A.

Many buyers seeking discount conveyancing are caught out by the lure of very low conveyancing rates, and many solicitors offer theoretically cheap conveyancing, but extra charges are frequently hidden in the terms and conditions. A quote should, in addition, define any disbursements to be paid.Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

What are our options if we buy a house in a Tower Hamlets local authority designated conservation area ?

A.

Part of the conveyancing process involves carrying out searches of Tower Hamlets planning authority to confirm conservation area status and the requisite consent being granted for any development. LLC1 searches are not fees and are charged at cost to the client. If no appropriate consents be supplied your solicitor will inform you of the options e.g. seeking cover from an indemnity insurance policy or requesting retrospective approval from the council.

Q.

We are purchasing a £286000 Wapping property, how is stamp duty calculated?

A.

The Stamp Duty you will owe will depend on a small number of factors, including the house or flat's value. Stamp duty will be £8580 on a £286000 property.

Q.

How is contaminated land in Wapping identified?

A.

Land in Wapping may be contaminated by a range of natural and human-influenced issues, and an environmental search will reveal the extent to which a specific plot of land is impacted by Wapping contaminants such as proximity to waste sites or radioactive substances in the region.

Q.

Does your company specialise the conveyancing for auction properties in Wapping?

A.

Our firm is highly experienced with auction buyers and sellers. It is not uncommon for specialist lots such as landlocked or without legal access, are listed in auctions which will want greater inquiries. We therefore strongly advocate buyers at auction to choose an affordable solicitor well in advance of the auction day to allow enough time for an investigation of the auction legal pack,

After the day of the auction, your lawyer has to be focused on finalise the transaction in less than the 4 week time frame, a requirement of auction conditions.

Q.

Is it risky to circumvent paying for stamp duty in Wapping?

A.

Stamp duty mitigation scheme is not recommended for purchases in Wapping, because these schemes are expensive and HMRC may challenge a scheme up to six years later.

Q.

If I am intending to purchase in the parish of Whetstone, do we need a chancel search?

A.

Whichever Wapping parish you are purchasing in, a conveyancing solicitor might recommend a chancel search. Through some church councils have taken the decision to impose chancel repairs on the owners of lay rectorships, a conveyancing solicitor cannot verify that a parish in which lay rectors have not been expected to pay chancel repair dues recently will not continue to be so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

Should you get searches for chancel liability? I am purchasing in Wapping.

A.

The result of a landmark case in 2003 reaffirmed that 'lay rectors' of property must contribute towards the cost of church repairs. Insurance may be available to protect a buyer should a Wapping Parochial Church Council enforce liability.