I am the sole recipient of my late mum's estate and I have everything in my name alone, including the my former home in Hoxton. The Hoxton property was put into my name in August. I want to move. I understand that there is a CML six month 'rule', which means that my property ownership may be treated the same way as if I'd bought the property in August. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Some mortgage companies would take a practical view as this provision primarily exists to pick up on subsales or the wholesaling and assigning of property.
Can I be sure that the Hoxton conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Hoxton getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer conducting your transaction.
Co-operative have agreed my mortgage in principle, my offer on a property in Hoxton has been accepted, what are the next steps?
The estate agent will want to know who your solicitors are (make sure the lawyers are on the lender’s approved list). Contact Co-operative or the financial adviser and finalise any outstanding forms. Co-operative will instruct a valuer who will get in touch with the selling agent or seller to arrange a time for the valuation to happen. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Co-operative will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hoxton.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial estate in Hoxton?
Many commercial conveyancing solicitors in Hoxton will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Hoxton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hoxton.
For each commercial conveyancing transaction in Hoxton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Hoxton commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Hoxton.
How does conveyancing in Hoxton differ for newly converted properties?
Most buyers of new build premises in Hoxton come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is built. This is because developers in Hoxton typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hoxton or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Hoxton and how can you help?
The particular law that you refer to gives a safeguard to commercial tenants, granting the legal entitlement to apply to court for a new lease and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Hoxton is one of the hundreds of locations in which our lawyers are located
My uncle has encouraged me to appoint his lawyers for conveyancing in Hoxton. Should I use them?
Much as we are happy to recommend a Hoxton conveyancing lawyer it’s preferable to select a conveyancing solicitor is to have recommendations from friends or relatives who have previously instructed the solicitor you're considering.
I have just started marketing my basement apartment in Hoxton. Conveyancing solicitors are to be appointed soon, however I have just received a quarterly maintenance charge demand – Do I pay up?
It best that you clear the invoice as you normally would as all ground rent and service payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Hoxton conveyancing firm to assist?
Absolutely. We can put you in touch with a Hoxton conveyancing firm who can help.
An example of a Lease Extension case for a Hoxton residence 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 was in relation to 2 flats. The unexpired residue of the current lease was 72.39 years.