Alexander JLO Solicitors: Shared Ownership Experts
Legal experts discuss the importance of appointing a specialist solicitor.
About Alexander JLO Solicitors
Alexander JLO Solicitors, established in 1975, is a renowned London law firm based in Canary Wharf, London Docklands, with a team of widely experienced legal experts.
We can support you with an array of legal issues with our hands-on approach. Our London based solicitors and lawyers provide the best quality support and legal advice to every client, from large corporations to individual cases. With an eye for detail and experts specialising in various disciplines, our team can handle a diverse range of legal matters, including affordable housing and new build developments.
Why choose a specialist?
Having found your dream home and spoken with a mortgage broker about whether you can afford the property, the next step on your way to buying your new home is choosing your solicitor.
The team you have on your side is crucial as is the importance of ensuring that the solicitors you have chosen are experts in Shared Ownership new build conveyancing and have the required relationships in place with all parties in the transaction.
What can a specialist solicitor do?
Deadlines
When you pay a reservation fee to the sales team to secure your property, you agree to follow a specific timeline to exchange contracts. If you fail to meet this deadline, the seller may withdraw the offer. Although there is usually some leeway if the delay is beyond your control, sellers may be less forgiving if the delay is caused by your solicitor.
In the process, your solicitor will need to ask questions about the property and development. If your solicitor has worked on similar cases before, they may be familiar with the process, which can be helpful in speeding things up.
Complex, nuanced and niche
When dealing with new build conveyancing and Shared Ownership mortgage products, it is important to have a team with specialist knowledge and good relationships between its members. This includes your mortgage broker and solicitor. A strong relationship can help in catching any issues early on and proactively resolving them. However, if you don’t have the right team, these issues can cause delays, which can ultimately lead to losing your property and incurring additional expenses.
In order to avoid issues, the seller typically provides a list of recommended solicitors and brokers to contact at the beginning of the transaction. These individuals are specialists with established relationships with brokers and relevant personnel on the seller’s side, such as solicitors and the sales and management teams. Additionally, they may be familiar with the development due to previous experience with it.
It is important to note that there are no kickbacks between the seller and the recommended panel, and their independence is crucial. The only reason they are recommended is due to their proven track record of excellence, efficiency, and specialised knowledge.
To conclude
In short, it is advisable to conduct research when selecting a team for your property purchase. This includes examining the recommended panel provided by the seller, considering the firms recommended by your mortgage broker, and evaluating customer reviews of the services provided by these firms on platforms such as Google or Trust Pilot. It may also be helpful to investigate other places where the firms are recommended.
While there may be cheaper options available, it is important to remember that choosing the wrong team can put your first home at risk. As the saying goes, you get what you pay for. Therefore, it is recommended to seek out specialists to ensure the best outcome.
Get in touch!
If you would like to discuss anything further with our client care team or are interested in receiving a quotation and welcome pack, please email quote@london-law.co.uk or visit us at www.london-law.co.uk.
Visit Share to Buy’s Shared Ownership Solicitors and Conveyancing Panel.
Get in touch with Alexander JLO Solicitors today!
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