The north London borough of Islington stretches from the City of London to the boundary of Haringey. It includes the districts of Angel, Archway, Clerkenwell, Highbury, Holloway and Old Street.
In recent years its economy has been boosted by the rise tech businesses and start up hubs. With an eclectic range of property, thriving local scene and excellent transport links to London Islington is a popular place to live. It is one of the most expensive 10 boroughs in London, with average house prices more than 3 times the national average.
Islington Conveyancing: FAQs
Whether you are planning to sell a property in Islington, buy your first home, transfer equity or remortgage, our Islington conveyancing guide will address the most common questions.
Buying property in Islington
What are the Council Tax bands in London Borough of Islington in 2022?
Islington is situated in London Borough of Islington. Council tax bands in 2022 are as follows:
|Band||Islington Council Tax (2022/23)|
I'm buying a house in Islington - what searches do I need?
The standard pack includes:
- Local Authority Search
- Regulated Water Search
- Environmental Search
- Chancel liability insurance
On occasion the initial search results will recommend specialist searches , for example a flood search.
To see the total cost of searches on a Islington move, use our online conveyancing costs calculator.
I am buying a leasehold property in Islington - what do I need to know?
Buying a leasehold property in England or Wales is significantly more complex than buying a freehold property. The many potential traps awaiting the unsuspecting buyer can include legally technical issues like and unfair clauses in the lease.
A specialist leasehold solicitor will look into all potential issues with the lease and report back to you.
Selling property in Islington
Does sale conveyancing take longer for leasehold?
Correct, it can take much longer to conduct the conveyancing to sell leasehold properties,compared to the sale of a freehold property.
The buyer's solicitor must review these documents, like management company information and three years' filed accounts for the property management. Delays are usually caused by the time needed by your lawyer to source this information.
It could take several weeks to collect this paperwork if it is difficult to contact the landlord or managing agent or they are slow to respond, so your solicitor should get this underway even before you have found a buyer.
Remortgaging in Islington
Will I need a conveyancing solicitor if I am remortgaging my Islington property?
The official UK base rate is currently set at 1.25% (June 2022). A good Islington remortgage solicitor will complete the conveyancing process quickly and get you into your new rate.
Conveyancing solicitors can act for most UK lenders, so whether you are you are moving to a cashback mortgage with the Halifax or to a variable-rate mortgage with the Dudley Building Society, Quittance can help.
Transferring equity in Islington
Can Quittance help with the conveyancing for transferring equity in my Islington property?
When a joint owner of a property gives or sells their share in the property to a new owner or owners, this is called a transfer of equity. A solicitor can carry out the legal work required for this transfer, including any Stamp Duty Land Tax (SDLT) paperwork. Your conveyancing solicitor can carry out transfer of equity (and remortgage) work for a fixed, low fee.
Comparing Conveyancing Quotes in Islington
What are conveyancing disbursements?
Legal fees, such as the equity loan fee and Help to Buy fee, are paid to your solicitor or conveyancer for the work they do.
Disbursements are third-party costs, like Planning search fees or ID verification.
How much will my conveyancing legal fees be in 2022?
When you compare conveyancing quotes for your Islington home move, check the fine print for potential extra fees and costs. An online quote should reflect everything required for standard conveyancing. Potential hidden fees could add £100s to your final bill.
General Islington property lawyers FAQs
How much are conveyancing fees for buying or selling a home in Islington?
Conveyancing fees are made up of the solicitor's legal and disbursements.
Conveyancing disbursements are the third-party costs incurred on your behalf, e.g. HM Land Registry fees and conveyancing searches. Legal fees are for the legal work carried out by the solicitor.
Your legal fees for buying or selling a house in Islington are fixed, so for a standard transaction, what you are quoted is exactly what you pay
Calculate the conveyancing fees for your Islington sale or purchase
Our online conveyancing fees calculator can give you a comprehensive conveyancing quote with a comprehensive list of all fees, costs and disbursements for your Islington sale or purchase.
How we can help you
If you are buying, selling, remortgaging or transferring equity in a property in Islington and need an expert conveyancing solicitor, we can take care of the legal side of your move.
We work with a panel of specialist conveyancing solicitors to deliver a stress-free moving experience.
- No Move, No Fee Guarantee
- Fixed fee conveyancing service
- Islington experts
- CQS-accredited panel solicitors
All-inclusive quote from £384 inc VAT