My previous solicitor has sent a quote for £1700 for leasehold conveyancing in Perivale. I am hoping to sell a Georgian house for £300,000. Is this expensive? Is it above what I should be paying for conveyancing in Perivale?

The estimate does seem a tad steep. Where you are content to spend time contrasting prices you could shave off some of the expense by as much as £125. On the other hand, you maycome to rue choosing an an unknown conveyancer. Don't forget to be sure that the solicitor can also act for your bank. Do utilise our search tool to get a quote a Perivale conveyancing firm on the banks member panel which can often include conveyancing solicitors in Perivale.

What does my ID and proof of funds have anything to do with my conveyancing in Perivale? Is this really warranted?

To satisfy the Money Laundering Regulations any Perivale conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you reside.

In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to validate not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will result in your solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.

I require expedited conveyancing in Perivale as I am faced with pressure to exchange contracts within one month. Luckily I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?

If.Given you are are a cash buyer you are at liberty not to do searches although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Perivale the following are examples of issues that can arise and therefore affect future saleability: Enforcement Actions, Overdue Fees, Overdue Grants, Railway Schemes,...

I am looking for a flat up to £305k and identified one close by in Perivale I like with open areas and railway links in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Perivale in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

If you need a home loan that many years may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.

I have tried to negotiate informally with with my landlord for a lease extension without success. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Perivale conveyancing firm to act on my behalf?

Most definitely. We are happy to put you in touch with a Perivale conveyancing firm who can help.

An example of a Lease Extension case for a Perivale flat is Ground Floor Flat 79 London Road in September 2012. the Tribunal held that the premium payable for the lease extension should be £7,636 This case related to 1 flat. The remaining number of years on the lease was 74 years.

What makes a Perivale lease problematic?

There is nothing unique about leasehold conveyancing in Perivale. All leases are unique and drafting errors can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party.

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Leeds Building Society, and Bank of Ireland all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the purchaser to withdraw.