Sales & Lettings 020 7871 4444

Block & Property Management 020 7812 0480

blocks@islingtonproperties.com

Selling your Flat

We understand that selling your property can be an incredibly stressful time; at Islington Properties we have procedures in place to ensure that, from our side, the sale of your property completes as efficiently as possible.

Once a sale has been agreed we will receive a set of questions from your Solicitors as raised by the Buyers Solicitors; these are known as Managing Agent Enquiries. Traditionally, each set of Solicitors’ enquiries has been unique and we answer all enquiries on an individual basis rather than providing a standard ‘sellers pack’.  However, there is currently a move by the industry to create a standard format for enquries and we are starting to see more of these standard formats coming through.

Some examples of typical information requested from us include the following:

  • Up-to-date copy of Buildings Insurance Schedule and Policy Wording.
  • Last three years’ Statutory and Service Charge accounts
  • Copy of Service Charge Estimate for the current financial year relating to the Building
  • Tenant Statement of Account for the property
  • Details of any Reserve / Sinking Fund
  • Details of any planned major works (i.e. internal and external repairs and redecorations)
  • To whom the Notice of Transfer and / or Charge is to be served upon following completion and details of any registration fee payable
  • Whether the Buyer will be required to enter into a Deed of Covenant and if so, details of any registration fee payable
  • Whether the Seller holds a Share in any Management Company / Freehold Reversion and if so, how this is to be transferred to the Buyer upon completion
  • Latest Fire Risk Assessment for the Building and confirmation that the recommendations noted therein have been fully complied with
  • Asbestos Survey for the Building including details of any remedial works undertaken if the Building was found to contain Asbestos Containing Materials (“ACM’s”)

There is a standard charge for providing comprehensive replies to enquiries which is currently £480.00 (including VAT); upon receipt of cleared funds from either you directly, or via your Solicitors, we endeavour to provide full replies directly to your Solicitors within two working days.

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Islington Properties Ltd is an appointed representative (Registration Number 602511) of Clear Insurance Management Ltd, who are authorised and regulated by the FCA - Financial Conduct Authority (Registration Number 307982).