After what seems like an age a loan agreement from NatWest for the remortgage of my 4 bedroom flat is coming within the next few days. Are you able to put forward a low cost conveyancing solicitor in Islington?
This site is not designed to help those in pursuit of cut-price fees for conveyancing in Islington. Our goal is to offer excellent value conveyancing but we do not work with the cheapest lawyers. Do not be seduced by brokers enticing you with ninety nine pound conveyancing in Islington. The optimum result, in deciding on low cost conveyancing, you will get your money’s worth and at worst you will end up spending a lot in additional fees and still not receive the service expected.
I own a freehold house in Islington yet invoiced for rent, why is this and what is this?
It is rare for properties in Islington and has limited impact for conveyancing in Islington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Are the BSA planning on creating a searchable register to list law firms on the Loughborough BS conveyancing panel for example in Islington?
We would not expect to be advised of any intention on the part of the BSA to develop such a register.
My wife and I are intent on selling our house in Islington and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Islington conveyancer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Islington. Having lived in Islington for three years we know of no issue. Is it a good idea to contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with 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 health insurance to cover that same illness)
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Islington I like with amenity areas and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Islington suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
Having had my offer accepted I require leasehold conveyancing in Islington. Before I get started I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Islington - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
We have reached the end of our tether in trying to purchase the freehold in Islington. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to calculate the price.
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 was in relation to 1 flat. The unexpired residue of the current lease was 80.5 years.