We are buying our first house. The conveyancing practitioner has texted usto enquire if we would like to order additional conveyancing searches. We are really unsure what's needed for conveyancing in Victoria Park

The type of Victoria Park conveyancing searches depends primarily on the property, the location, the likelihood of any of these risks, your knowledge of the locality and risks, your overall appetite to risk. What matters is that you properly appreciate what information each search could supply. Then you can make a decision if you consider that you need that search. Should you be unsure, ask the lawyer to explain.

I need some expedited conveyancing in Victoria Park as I am faced with pressure to exchange contracts within 4 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?

As you are are a cash purchaser you are at free not to have searches carried out although no conveyancer would advise that you don't. With lots of history conveyancing in Victoria Park the following are examples of what can crop up and adversely impact future mortgageability: Enforcement Notices, Overdue Charges, Outstanding Grants, Railway Schemes,...

I used Stirling Law several years past for my conveyancing in Victoria Park. Now, I need my files but the law firm has closed. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Victoria Park of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I have been on the look out for a flat up to £305k and identified one near me in Victoria Park I like with open areas and transport links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Victoria Park for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.

Do you have any advice for leasehold conveyancing in Victoria Park with the intention of expediting the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Victoria Park can be bypassed if you get in touch lawyers as soon as you market your property and ask them to collate the leasehold documentation needed by the purchasers’ lawyers.
Some Victoria Park leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. The majority of freeholders or managing agents in Victoria Park charge for providing management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Victoria Park. If you have carried out any alterations to the residence would they have required Landlord’s approval? In particular have you installed wooden flooring? Victoria Park leases often stipulate that internal structural changes or installing wooden flooring calls for a licence from the Landlord approving such alterations. If you fail to have the consents to hand you should not communicate with the landlord without checking with your conveyancer in the first instance. You believe that you know the number of years remaining on your lease but you should double-check by asking your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to where the remaining number of years is less than 75 years. In the circumstances it is essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.

I purchased a garden flat in Victoria Park, conveyancing formalities finalised March 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Victoria Park with over 90 years remaining are worth £185,000. The ground rent is £65 yearly. The lease finishes on 21st October 2084

With just 60 years unexpired the likely cost is going to be between £20,000 and £23,000 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.