I am not well enough to travel far from Hoxton. Is there a reason why all Hoxton conveyancers aren't automatically on all lender panels?
A decade ago most mortgage companies had an approach to risk which differs from the current day. The Financial Services Authority in 2010 carried out a thematic review into fraud which in summary warned lenders: know the solicitors on your panel. Consequently, mortgage companies have since looked to extract more information from law firms regarding their operations and the staff who work for them and set certain criteria such as completing a minimum amount of transactions. Thousands of law practices have found themselves excluded from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the criteria of amount of transactions the lenders set.
Would the conveyancing lawyers identified via your search tool execute conveyancing in Hoxton by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. Please e-mail us to get a costs illustration and details as to dates.
Is there a reason why leasehold purchase conveyancing in Hoxton is more expensive?
In short, leasehold conveyancing in Hoxton and London usually involve extra hours of investigation compared to freehold transactions. This includes lease investigation, corresponding with the landlord concerning serving required notices, procuring up-to-date service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
How does conveyancing in Hoxton differ for new build properties?
Most buyers of new build or newly converted property in Hoxton contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Hoxton tend to 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.
My husband and I are a fortnight into a residential purchase having been referred to solicitors by the high street agent to carry out the conveyancing in Hoxton. I am am very dissatisfied with the quality of service. Can you help me find new lawyers?
They would need to be really poor to suggest replacing them. Has the mortgage offer been sent? If so you need to make them aware of the replacement solicitor and have the loan are re-sent. Your new conveyancer should be on the lenders approved list to avoid added expenses and frustration. So that should be your starting point. The find a solicitor tool should assist you in finding a lender approved solicitor for your home move in Hoxton