We hired a Islington based firm for our conveyancing in Islington last week. After carefully reading the official terms of business it is apparent thatwe are liable for charges even if the movedoes not go ahead. Should I go with them or instruct an internet firm promising no move no charge conveyancing in Islington?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be higher to neutralise the cases that fail to complete. Do bear in mind that such arrangements generally do not protect you from expenses e.g. Islington conveyancing search charges.
It is a dozen years since I bought my home in Islington. Conveyancing solicitors have now been appointed on the sale but I am unable to locate my title documents. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be with your mortgage company or they could be in the possession of the lawyers who oversaw the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring up to date copy of the land registers. Almost all conveyancing in Islington involves registered property but in the unlikely event that your property is not registered it is more tricky but is resolvable.
I have Fifty Six years unexpired on my lease and require a lease extension for my flat in Islington. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/10/2024 the requirements read as follows :
A friend advised me that in purchasing a property in Islington there may be a number of restrictions prohibiting 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 external changes. 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.
After much negotiation I have agreed a price on a house in Islington. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an on account payment of £150. Soon after, the conveyancer contacted me embarrassingly acknowledging that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am selling my flat. I had a double glazing fitted in July 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Bank of Ireland are being pedantic. The Islington solicitor who is on the Bank of Ireland conveyancing panel is recommending indemnity insurance as a solution but Bank of Ireland are insisting on a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Will our conveyancer be making enquiries regarding flooding during the conveyancing in Islington.
Flooding is a growing risk for conveyancers conducting conveyancing in Islington. There are those who buy a property in Islington, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to impart advice on flood risk, but there are a numerous searches that may be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in Islington. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the owner to find out if the property has suffered from flooding. In the event that the property has been flooded in past and is not notified by the owner, then a buyer could bring a compensation claim stemming from an misleading reply. The purchaser’s solicitors should also conduct an enviro search. This should indicate whether there is any known flood risk. If so, more detailed investigations will need to be made.
My husband and I are four weeks into a residential purchase having been directed to a firm by the high street agent to handle our conveyancing in Islington. I am not happy. Could you help me find new lawyers?
They would have to be really poor to suggest changing them. Has your mortgage been sent? In the event that it has you need to advise them of the new conveyancer and get the mortgage documents are issued to the new lawyers. Your solicitor ideally needs to be on the mortgage company approved list to avoid supplemental costs and delays. That should be your starting point. The find a solicitor tool should assist you in finding a lender approved lawyer for your home move in Islington