At what point does exchange of contracts happen for purchase conveyancing in Hoxton and do I need to be at the conveyancers branch?
Where you are round the corner to one of the conveyancing solicitors in Hoxton you are invited in to sign documents. That being said, the firms we work with supply a nationwide conveyancing service and give as equally diligent and professional a job for you when communicating with you digitally. The signing of the property agreement is not the critical part. Signing on the dotted line simply enables the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hoxton)to be in the office available at the end of the phone to exchange contracts.
We previously selected solicitors located in Hoxton on the Skipton solicitor approved list. They have just billed me a separate amount for the legal aspects of the Skipton mortgage. Is this a supplemental conveyancing fee set by Skipton?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your solicitor can levy a fee for this. The fee is not dictated by Skipton but by your Hoxton lawyer. Some firms on the Skipton panel will levy ’dealing with mortgage’ fee and others do not.
I am buying a property in Hoxton. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender TSB be concerned?
Given that you are obtaining a mortgage with TSB your lawyer must follow the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for TSB. The CML Handbook contains minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to TSB where a lease fails to comply with these conditions. The specifications relate to the installation of panels on properties nationwide and is not isolated to Hoxton.
Completion of my purchase has taken place for my property in Hoxton. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I have been told that property searches are the number one cause of delay in Hoxton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in Hoxton.
It has been 2 months following my purchase conveyancing in Hoxton took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 premises 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.
Can you set out some of specific benefits to choosing a local property lawyer in Hoxton
Lots of house movers in Hoxton prefer a nearby high street conveyancer so that they can pop into the firm’s offices in the event that they have problems, and to execute documents without using the post.
One could suggest that there is a marginal benefit when using a solicitor nearby to the house you are buying, due to the in-depth knowledge of the area and potential local concerns - yet this is moot. Most conveyancers are now online and may be any place in the world.