We are a couple about to sign contracts for a semi detached house in Hoxton. We encountered a problem. The loan offer with Skipton Building Society runs out on 17/6/2024 but the owners are putting forward a completion date of 19/6/2024. Can one extend the mortgage offer?
The best person to address this issue is your lawyer who will hopefully calculate whether they should be discussing with the mortgage broker, owner’s solicitors, estate agents or possibly all three given the circumstances your house move to date.
In researching moneysavingexpert.com for a conveyancing solicitor in Hoxton, most post that I must instruct a CQS accredited solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in the legal transfer of properties, trusted by some of the UK's leading banks. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Council of Mortgage Lenders (CML). CQS is not a scheme offered by the Society for Licensed Conveyancers. Hoxton is one of the numerous areas in England and Wales where there are CQS lawyers.
4 months have elapsed following my purchase conveyancing in Hoxton completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been pointed in your direction by a few property agents in Hoxton to choose a property lawyer on your site. Is there a financial inducement for Estate Agents to market your site over and above another?
We refuse to give any commission for directing people in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Back In 2001, I bought a leasehold flat in Hoxton. Conveyancing and Lloyds TSB Bank mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Hoxton who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Hoxton conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Hoxton conveyancing firm to help?
in cases where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Lease Extension decision for a Hoxton premises is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The unexpired lease term was 72.39 years.
I have been told by various friends to expect up to two months for Hoxton conveyancing to complete.This was 3 ago. The paperwork was only received from the vendors conveyancer last week so now does it countdown?
There is no conventional timeframe for conveyancing in Hoxton, or any area in the UK. You simply have to make sure your finances are in order and wait for the rest to come to you eventually.