The London Borough of Hackney was formed by the merger of the metropolitan boroughs of Hackney, Shoreditch and Stoke Newington. The borough has seen extensive regeneration since the 2012 Olympics and was named on the 2014 Sunday Times list of best places to live in the UK, with a strong cultural community.
New secondary schools and improved transport links, plus pleasant open spaces have attracted new families to the area and the general gentrification has pushed property prices up.
Hackney Conveyancing: FAQs
Our clients often have lots of questions about moving home in Hackney, and about the conveyancing process in general. Below is a list of some of the more frequently asked questions:
Buying property in Hackney
I am buying a new build property in Hackney - what do I need to know?
The conveyancing for purchasing a new build home in Hackney is often more complex than other types of conveyancing.
An experienced solicitor in Hackney must be able to deal with things like handling reservation fees, confirming rights to use pipes and cables (e.g. phone, data, fibre, electricity) and working with warranty providers such as NHBC Buildmark, Advantage and Ward Cole.
How much Council Tax must I pay for a property in London Borough of Hackney in 2022?
Hackney is situated in London Borough of Hackney. Council tax bands are:
|Band||Hackney Council Tax (2022/23)|
I'm purchasing a property in Hackney - what searches do I need?
The standard search pack will include:
- Regulated Local Authority Search
- Environmental Search
- Water search
- Chancel liability insurance
Sometimes the initial search results will recommend further searches e.g. a commons registration search.
To work out how much searches will cost on a Hackney property you can use our our online conveyancing costs calculator.
I am buying a leasehold property in Hackney - what do I need to know?
can be complicated. The many potential traps awaiting the unsuspecting buyer can include legally technical issues like costly and undisclosed major works and leases with fewer than 80 years to run.
Your solicitor will look into all potential issues with the lease and report back to you.
Selling property in Hackney
Could the sale of a leasehold property be delayed?
Yes, compared to freehold conveyancing. Sale conveyancing for a leasehold house or flat can take much longer.
The buyer's conveyancer will expect to see these documents, such as an up-to-date statement of service charges. Typically, delays are due to the time it takes to source this information.
It can take a long time to gather the managing agent's information if the landlord or managing agent is slow or difficult to contact, so the solicitor should get this underway as soon as possible.
Remortgaging in Hackney
Will I need a conveyancing solicitor if I am remortgaging my Hackney property?
The Bank of England base rate is currently 1.25% (June 2022). A good Hackney remortgage solicitor should be able to complete the conveyancing quickly and get you onto your new rate without delay.
Transferring equity in Hackney
Will I need a solicitor if I am transferring equity in my Hackney home?
If your property is owned by one or more people and you wish to give or transfer your share of the property to someone else, you will need a conveyancing solicitor to carry out a 'Transfer of Equity'. Quittance's panel of property solicitors can complete the process quickly for a low fixed fee. Your solicitor can also complete the legal work for a remortgage at the same time.
Comparing Conveyancing Quotes in Hackney
What are conveyancing disbursements?
A key difference between conveyancing fees and disbursements is who they are paid to.
Legal fees are paid to your solicitor for the work they do, whereas disbursements are paid through your solicitor to third parties like HM Land Registry (HMLR).
How much should I be paying in conveyancing legal fees in 2022?
Hidden fees and potential additional costs could unexpectedly add to your final conveyancing bill, so when you are comparing Hackney conveyancing quotes, you should check what each quote does include. If a fee is included in one online quote but not another, check the small print.
If you are buying a leasehold property, with Help to Buy, or a share of freehold, check if there is an additional charge for this extra work.
General Hackney property lawyers FAQs
Are Hackney conveyancing fees fixed?
Some conveyancing solicitors in Hackney offer services on an hourly basis others work on a fixed fee.
Your conveyancing solicitor will work on a fixed fee basis, with no unexpected 'add-ons'. Your conveyancing quote will set out what the conveyancing fees and costs will be when your house sale or purchase completes.
If, for any reason at all, your house sale or purchase does not go ahead, you are covered by a No Sale, No Fee guarantee.
How we can help you
If you are buying, selling, remortgaging or transferring equity in a property in Hackney and need an expert conveyancing solicitor, we can take care of the legal side of your move.
We work with a panel of specialist conveyancing solicitors to deliver a stress-free moving experience.
- No Move, No Fee Guarantee
- Fixed fee conveyancing service
- Hackney experts
- CQS-accredited panel solicitors
All-inclusive quote from £384 inc VAT