We see that you have a search directory listing solicitors on the TSB conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Islington?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Islington.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Islington so that I can attend their offices if required.
Whereas this was necessary ten years ago, the vast majority lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over identification documents and there are still manifest benefits to instructing a locally based ayer, in your situation a conveyancing solicitor in Islington.
I am assisting my niece sell her property in Islington. Does the conveyancing solicitor commission an energy assessment or it is for the owner to see to?
Following the demise of Home Packs, energy assessments was kept a compulsory part of moving property. An EPC should be commissioned before the property is advertised. This is not a task that solicitors normally organise. Where you are instructing a Islington conveyancing lawyer they may be able to arrange energy assessments given their relationships with long established local providers
A relative pointed out to me me that in purchasing a property in Islington there could be various restrictions preventing external alterations to a property. Is this right?
There are a number of properties in Islington which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Islington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I can not work out if my bank requires a lease extension. I have telephoned my Islington building society branch on various occasions and was informed it wasn't an issue and they will lend. My Islington conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their specific requirements. Who do I believe?
Provided that the conveyancer is on the mortgage company approved list, they must follow the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
It has been 4 months following my purchase conveyancing in Islington completed. I have checked the Land Registry site which shows that I paid £175,000 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 residence 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 am looking for a flat up to £235,500 and found one round the corner in Islington I like with amenity areas and railway links nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Islington for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Back In 2006, I bought a leasehold house in Islington. Conveyancing and Barclays Direct mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Islington who previously acted has long since retired. Any advice?
The first thing you should do is contact HMLR to be sure that this person is indeed the new freeholder. There is no need to instruct a Islington conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the proprietor of a garden flat in Islington. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Lease Extension case for a Islington flat 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 was in relation to 1 flat. The unexpired residue of the current lease was 80.5 years.