The Hoxton conveyancing firm handling our Hoxton conveyancing has uncovered a discrepancy when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My lawyer says that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I have a decision in principle. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to use a Hoxton based conveyancing firm?
Do check but the the likelihood is that give you one of their panel lawyers if you accept the "fee-free" deal. Speak to the lender to see if they make available a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Hoxton.
My aunt pointed out to me me that in purchasing a property in Hoxton there could be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Hoxton which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Hoxton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Hoxton bank branch on a couple of occasions and was informed it wasn't an issue and they will lend. My Hoxton conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend based on their published requirements. I simply don't know who is right.
The conveyancing practitioner must follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my apartment. I had a double glazing fitted in September 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, UBS are being difficult. The Hoxton solicitor who is on the UBS conveyancing panel is saying indemnity insurance will be fine but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The conveyancers who did the conveyancing in Hoxton 5 years ago have long since closed. What are my options?
Assuming you have a registered title the details of your proprietorship will be held by HMLR under a Title Number. It is easy to conduct a search at the Land Registry, locate your property and get current copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be obtained for twenty pounds.
I am looking into buying my first house which is in Hoxton and I am already nervous. I couldn't find anything specific about Hoxton. Conveyancing will be needed in due course but do you know about the Hoxton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hoxton. In the meantime here are some basic statistics that we found
Due to sign contracts shortly on a basement flat in Hoxton. Conveyancing solicitors assured me that they will have a report out to me next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Hoxton should include some of the following:
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You should be sent a copy of the lease What the implications are if you are in breach of your lease terms? Whether your lease caters for for a reserve account for major repairs? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Changes to the premises
I own a a ground floor purpose built flat in Hoxton. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
Absolutely. We can put you in touch with a Hoxton conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Hoxton flat 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 term as at the valuation date was 72.39 years.