I am expecting a mortgage offer from Lloyds. I intend to use a Licensed Conveyancer in Hoxton. Does the Lloyds Conveyancing panel exclude conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We see that you have a search directory identifying solicitors on the HSBC conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Hoxton?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hoxton.
This question may be naive but I am unexperienced as a 1st time buyer of a ground floor flat in Hoxton. Do I pick up the keys to the property on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Hoxton?
On the day of completion you do not need to go to the conveyancers office in Hoxton. Conveyancing lawyers for you will transfer the purchase money to the seller's solicitors, and once they have received this, you will be able to pick up the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
How can we tell if a Hoxton conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Hoxton obtaining recommendations is a good 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 which is cheap as chips. We would always advise that you speak with the solicitor handling your transaction.
I'm in the process of viewing houses in Hoxton and I am about to put in an offer. Is it best to have my solicitor on ‘stand by’? I intend to finance via a mortgage with Santander.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are taking out a mortgage with Santander, make sure you remember to check that your lawyer is on the Santander conveyancing panel.
Given that I will soon spend £400,000 on a garden flat in Hoxton I would like to have a conversation with the conveyancer about myhouse move in advance of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your conveyancing in Hoxton.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The law firms that we put you in touch with believe that the figure you are quoted for your conveyancing in Hoxton should be the figure that you end up paying.
Am I better off to instruct a Hoxton conveyancing lawyer based in the vicinity that I am purchasing? I have an old university friend who can handle the legal formalities however they are based 400kilometers away.
The benefit of a local Hoxton conveyancing practice is that you can drop in to execute documents, hand in your identification documents and apply pressure on them where appropriate. Having local Hoxton know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and the majority were content that must outweigh using an unfamiliar Hoxton conveyancing lawyer solely due to them being local.
I am employed by a reputable estate agency in Hoxton where we have experienced a few leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Hoxton conveyancing firms. Could you confirm whether the seller of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
After months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Hoxton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to 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 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 lease term was 72.39 years.