Finally the sale completed on my house in Hoxton last March but our buyer keeps texting every few hours to say their lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your disposal your lawyer should send the transfer documentation and all additional paperwork to the purchaser's lawyers. Where relevant, your conveyancer must also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There is unlikely to be post completion steps unique to conveyancing in Hoxton.
I am purchasing a new build flat in Hoxton. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Hoxton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Hoxton.
I purchased a 4 bedroom Georgian property in Hoxton. Conveyancing lawyer acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hoxton and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing lawyer who conducted the purchase.
I'm purchasing my first flat in Hoxton benefiting from help to buy. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not disclose to my lawyer about the deal as it would jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a property in Hoxton before appointing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend refuse to grant a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hoxton. Conveyancing will be smoother if you use a solicitor in Hoxton especially if they regularly deal with such properties in Hoxton.
Am I best advised to use a Hoxton conveyancing lawyer based in the area that I am buying? We have a good friend who can conduct the conveyancing however his firm is located approximately 350miles away.
The benefit of a high street Hoxton conveyancing firm is that you can visit the firm to execute paperwork, hand in your identification documents and pester them if necessary. They will also have local knowledge which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were content that must outweigh using an unknown Hoxton conveyancing lawyer solely due to them being based in the area.