As a first time buyer what is the most important advice you can give me concerning purchase conveyancing in Islington?
Not many law firms shout this from the rooftops but conveyancing in Islington or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for conflict between you and other parties involved in the home moving process. For instance, the seller, selling agent and sometimes the lender. Appointing a lawyer for your conveyancing in Islington an important selection as your conveyancer is your adviser, and is the ONE person in the process whose role it is to act in your legal interests and to protect you.
We are witnessing a definite ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. You should always trust your solicitor ahead of all other players when it comes to the legal assignment of property.
I am selling our property in Islington and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Islington lawyer would know this is not the case. It does beg the question why the buyers instructed an online conveyancing outfit rather than a conveyancing solicitor in Islington. Having lived in Islington for many years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have todaydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Islington for a purchase of a leasehold flat 12 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Islington conveyancing specialists.
How does conveyancing in Islington differ for newly converted properties?
Most buyers of new build premises in Islington contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Islington usually acquire the land, 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 conveyancers 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 accustomed to new build conveyancing in Islington or who has acted in the same development.
I am tempted by the attractive purchase price for a two apartments in Islington both have in the region of fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this area.
After months of correspondence we are unable to 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?
Most definitely. We are happy to put you in touch with a Islington conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Islington premises 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.
The conveyancers handling our conveyancing in Islington has forwarded documents to review that show the land is unregistered with epitome documents. How can it be that the property not registred at HM Land Regsitry?
Although most properties in Islington are now registered with the Land Registry there are still some that are unregistered. Any property in Islington that has been transferred since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Islington property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Islington conveyancing solicitors should be capable of dealing with such matters but if any uncertainty exists the usual recommendation nowadays is for the vendor’s solicitor to register the title first and then sell - this undoubtedly result in a prolonged conveyancing.