My apartment in Islington is up for sale and I have a buyer. Will the conveyancer have to be required to be on the Aldermore conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am expecting a DIP from TSB this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Islington solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Islington solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
About to purchase house in Islington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Islington conveyancing practitioner is on the Barclays conveyancing panel.
HSBC have agreed my mortgage in principle, my bid on a flat in Islington has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (ensure that the conveyancing practitioners are on the lender’s approved list). Contact HSBC or the broker and finish off any appropriate paperwork. HSBC will appoint a valuer who will get in contact with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes on average a fortnight to get a mortgage offer. HSBC will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Islington.
Is it possible to swap firm as I need to choose one who is on the Barclays Direct conveyancing panel. I was using a local conveyancing solicitor in Islington five minutes from me but he is not accepted by Barclays Direct
We will our best to assist in finding you a conveyancing solicitor in Islington on the Barclays Direct panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Islington. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Islington.
I only have Seventy years remaining on my lease in Islington. I now wish to extend my lease but my landlord is absent. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to track down the lessor. In some cases an enquiry agent should be helpful to carry out a search and prepare a report to be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to proving the landlord’s absence and the application to the County Court covering Islington.
I own a ground flat in Islington. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Islington conveyancing firm who can help.
An example of a Lease Extension case for a Islington flat 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 related to 1 flat. The unexpired term was 80.5 years.
New build sellers have suggested I use a solicitor and I've sought a quote from them. It's almost £250 less expensive than my own Islington property lawyer. What's the catch?
Developers often have lists of conveyancing practitioners who are quick and who know the developer’s documentation and conveyancer. Plenty of developers offer an inducement to select a preferred lawyer for this reason, any increased charges can be avoided and a developer will not recommend a conveyancing factory and run the risk of having the transaction stall when they require an exchange in 28 days. A counter-argument for not opting for the suggested conveyancing practitioner is that they may prove reluctant to fight for your interests for fear of upsetting the housebuilder. Where you have concerns that this may be the case you should remain with your high street Islington lawyer.