I am considering applying for a Skipton mortgage for purchase of a newly converted (under development) in Islington with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a residence in Islington? or Apparently there is a law dating back centuries that could mean that house owners residing in a parish church boundary may be liable to pay for maintenance to the chancel within the church. Is this applicable for conveyancing in Islington?
Unless a previous acquisition of the premises took place post 12 October 2013 you may assume that lawyers delivering conveyancing in Islington to continue to advocate a chancel search and or insurance against a claim.
five months have elapsed following my purchase conveyancing in Islington concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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.
I'm buying my first flat in Islington with the aid of help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not inform my solicitor about the extras as it could affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What advice can you give us when it comes to finding a Islington conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Islington conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Islington conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
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Can they put you in touch with clients in Islington who can give a testimonial? How experienced is the firm with lease extension legislation?
After months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Islington. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a Islington conveyancing firm who can help.
An example of a Lease Extension case for a Islington residence is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case related to 1 flat. The number of years remaining on the existing lease(s) was 80.5 years.
Please specify the differing property law services that Islington conveyancing practices handle?
For the most part Islington conveyancing companies manage to carry out various assistance to home and land proprietors, sellers, first time buyers, freeholders and tenants including the following:
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Domestic sale conveyancing in Islington and nationwide
Domestic purchase conveyancing in Islington and nationwide
Property Trust Declarations Remortgaging arrangements lifetime mortgages and equity release conveyancing Adverse Possession claims where you are occupying an area of land adjacent to your property and using this as your own - advise on the potential for making a claim to ownership of that land