Why is leasehold purchase conveyancing in Islington costs more?
Islington leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am helping my sister sell her house in Islington. Does the conveyancer arrange an EPC or it is for the seller to see to?
Following the abolition of Home Packs, energy performance certificates became a mandatory part of moving house. An energy assessment should be commissioned before the property is marketed. This is not a task that conveyancers normally arrange. If you are using a Islington conveyancing solicitor they may be willing to arrange energy assessments due to their contacts with reputable Islington assessors
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Islington solicitor on the Aldermore panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
Completion of my remortgage has taken place for my property in Islington. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who conducted the conveyancing in Islington 10 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title original deeds to evidence that you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Islington I like with amenity areas and railway links nearby, the downside is that it only has 49 years 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 need a mortgage that many years may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
Our financial adviser has recommended their conveyancing practitioner for our conveyancing in Islington - won’t it be easier to just use them?
It is not always the case and you are free to instruct whichever property lawyer of your choosing for your Islington home move. A conveyancing practitioner recommended by an estate agent may not always be the right conveyancer, they may recommend their own conveyancing firm who are based far away. In this instance you may not have contact with your property lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.