My previous lawyer has sent a quote for £995 for leasehold conveyancing in Primrose Hill. I’m looking to sell a Edwardian house for £300,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Primrose Hill?
The quote is fractionally on the expensive side. If you shop around you could get the conveyancing a bit cheaper by say £125. On the other hand, you couldcome to rue opting for an an untested lawyer. Remember to ensure the conveyancer can act for your mortgage company. Do make use of our comparison tool to choose a Primrose Hill conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Primrose Hill.
In what way does my ID and proof of funds have anything to do with my conveyancing in Primrose Hill? Is this really warranted?
Primrose Hill conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Proof of source of funds is also required under the money laundering laws as conveyancers are mandated to investigate that the funds you are using to buy a property (whether it be the deposit for exchange or the full purchase monies if you are buying without a mortgage) has come from a reputable source (such as an inheritance) and is not the fruits of illegitimate activity.
Over the last few months I have been searching for a ground for flat up to £305k and found one near me in Primrose Hill I like with amenity areas and railway links in the vicinity, however it's only got 49 years on the lease. There is not much else in Primrose Hill suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Am I best advised to appoint a Primrose Hill conveyancing lawyer in close proximity to the house I am buying? I have an old university friend who can perform the legal formalities but his firm is located 300kilometers away.
The primary upside of using a local Primrose Hill conveyancing firm is that you can pop in to sign documents, present your identification documents and pester them if necessary. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were impressed that should trump using an unknown Primrose Hill conveyancing solicitor solely due to them being round the corner.
My wife and I purchased a leasehold house in Primrose Hill. Conveyancing and Bank of Ireland mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Primrose Hill who previously acted has long since retired. What should I do?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Primrose Hill conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Despite our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in Primrose Hill. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Primrose Hill conveyancing firm who can help.
An example of a Lease Extension decision for a Primrose Hill flat is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case related to 1 flat. The remaining number of years on the lease was 64.77 years.
I need to find a lender panel solicitor in Primrose Hill. Could you help me?
It is not clear why you need a Primrose Hill panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Primrose Hill are on their panel . If you do find such a firm in Primrose Hill not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site