My brother and I have recently acquired a house in Islington. We have since encountered a number of problems with the house which we believe were omitted in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been carried out as part of conveyancing in Islington?
The question is not clear as what problems have arisen and if they are relate to conveyancing in Islington. Conveyancing searches and due diligence initiated during the buying process are designed to help avoid problems. As part of the legal transfer of property, the vendor fills in a form referred to as a Seller’s Property Information Form. If the information provided is inaccurate, you could possibly take legal action against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Islington.
We note that you have a search directory identifying law firms on the Leeds Building Society conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Islington?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Islington.
I need some quick conveyancing in Islington as I am under a deadline to exchange contracts inside one month. Thankfully I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you are at liberty not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Islington the following are instances of what can arise and therefore impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Islington I like with open areas and station in the vicinity, however it only has 49 years on the lease. There is not much else in Islington suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it more attractive. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Islington. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
Most houses in Islington are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Islington in which case you should be looking for a Islington conveyancing solicitor and be sure that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is located on an estate. Your lawyer should advise you fully on all the issues.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Islington conveyancing firm to assist?
Where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the LVT to arrive at the price payable.
An example of a Lease Extension case 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 affected 1 flat. The unexpired term as at the valuation date was 80.5 years.
How much experience do your Islington conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Islington conveyancing lawyers help thousands of buyers move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Islington conveyancers have worked on recent similar cases.