We just had an offer accepted to buy with Melton Mowbray Building Society. I went into a couple of local practices yet am unable to find a Islington conveyancing firm on the Melton Mowbray Building Society panel. Please you assist?
Please do take advantage of the find a lender approved solicitor tool on this site. Please choose the building society and type Islington or your preferred area and you will see numerous solicitors based in Islington or near you.
When it comes to mortgage companies such as Lloyds, do Islington solicitors incur a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Islington solicitor on the Bank of Ireland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland 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 Bank of Ireland mortgage from the register. Bank of Ireland, 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 Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Islington off the council. I have a mortgage offer with Clydesdale. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
I require fast conveyancing in Islington as I have an ultimatum to complete inside one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you are at liberty not to do searches although no lawyer would advise that you don't. With plenty of history conveyancing in Islington the following are examples of what can arise and therefore impact future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Islington is the location of the property. Can you shed any light on this issue?
Flying freeholds in Islington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Islington you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Islington may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My folks are having problems in finding their Islington property on the HM Land Registry online search facility. They recall that back in the 60’s when they bought the property there were complications with Islington not being recognised in some systems.
Nearly all premises in Islington should appear. Have you endevoured to search with simply the postcode. Normally it should disclose all the houses and flats inside the postcode. Assuming the property is registered it will show up with a title number. Where they bought back in the 60’s it's conceivable it may be unregistered. The address might still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which might be with your parent’s mortgage company.