My solicitor has uncovered a a problem with the lease for the property we are purchasing in Islington. The other side have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer says that he must be satisfied that the bank is happy with this solution. Are we the client or is the mortgage company ?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
I am aiming to move house in March. Does my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Islington. Conveyancing solicitor was chosen prior to coming across your website.
On the day of completion you will need to pick up the keys from your estate agent however this should only be done after the sellers conveyancers inform the agent that the monies to complete are in and the keys can be passed over. You can inform the removal company that you are ready to move in. We are not in a position to suggest a particular removal organisation but can assist you in locating a conveyancing in Islington or a solicitor with expertise in conveyancing in Islington.
Can you point me to a directory of HSBC panel conveyancers in Islington on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings available over the internet. If you are seeking to appoint a Islington conveyancer on the HSBC please make the most of our tool.
We previously chose solicitors locally in Islington on the Coventry BS solicitor panel. They have just billed me a further amount for the legal aspects of the Coventry BS mortgage. Is this a supplemental conveyancing fee specified by Coventry BS?
Provided it is contained in their Terms and Conditions or estimate then yes your lawyer may levy a fee for this. This charge is not dictated by Coventry BS but by your Islington lawyer. Numerous firms on the Coventry BS panel will charge an ‘acting for lender’ fee and others do not.
I have recentlybecome aware that Wolstenholmes have closed. They carried out my conveyancing in Islington for a purchase of a leasehold flat 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Islington conveyancing specialists.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Islington I like with a park and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Islington for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
What tools are available to find a Islington conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 25miles to meet the conveyancer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Islington and you will see a number of lawyer located nearest Islington. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.