It is a dozen years since I acquired my house in Islington. Conveyancing solicitors have now been appointed on the sale but I can't track down my deeds. Is this a major issue?
Don’t worry too much. First the deeds may be kept by the mortgage company or they may be in the possession of the lawyers who oversaw the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Islington involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
What is the difference between a licensed conveyancer and conveyancing solicitor in Islington
Two types of professional can conduct conveyancing in Islington namely CLC regulated conveyancers or solicitors. Both professionals handle conveyancing services that you need to complete the disposal or acquisition of property. They are both duty bound to perform Islington conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that the requirements and procedures will be appropriately adhered to.
I am assisting my niece sell her flat in Islington. Will the conveyancer commission an EPC or it is for the seller to coordinate?
Following the demise of Home Packs, EPC’s was kept a compulsory part of selling a house. An energy performance certificate should be commissioned prior to the property being advertised. This is not something that law firms normally arrange. If you are instructing a Islington conveyancing lawyer they might help arrange energy assessments given their contacts with long established local energy assessors
We previously instructed conveyancing lawyers with offices in Islington on the RBS solicitor panel. They have just billed me an additional charge for the legal aspects of the RBS mortgage. Is this a supplemental conveyancing fee set by RBS?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancer is entitled to charge a fee for this. This fee is not dictated by RBS but by your Islington lawyer. Plenty of firms on the RBS panel will charge an ‘acting for lender’ fee and others do not.
I am purchasing a property and the conveyancer has referenced Chancel Repair for which the house may be obligated to contribute to given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly necessary for conveyancing in Islington
Unless a previous acquisition of the property completed after 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Islington to remain encouraging a chancel search and or chancel repair liability policy.
three months have elapsed since my purchase conveyancing in Islington took place. I have checked the Land Registry site which shows that I paid £175,000 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 property 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.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Islington I like with a park and station nearby, however it's only got 51 remaining years left on the lease. There is not much else in Islington in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Why am I unable to complete my conveyancing in Islington on May bank holiday?
Because on completion the money needs to be transferred electronically between the banks of the buyer and owner’s lawyer and currently this can only occur on a business day. It is not possible to complete on a weekend either.