It is 10 years ago since I acquired my house in Acocks Green. Conveyancing solicitors have recently been retained on the sale but I am unable to locate the title deeds. Is this a major issue?

You need not be too concerned. First there is a possibility that the deeds will be retained by the lender or they could be in the possession of the lawyers who handled your purchase. Secondly in all probability the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Nearly all conveyancing in Acocks Green involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.

I have Fifty Six years unexpired on my lease and need a lease extension for my flat in Acocks Green. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/3/2023 the requirements read as follows :

I have justdiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Acocks Green for a purchase of a leasehold flat 12 months ago. How can I establish that the property is in my name in the name of the previous owner?

The quickest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Acocks Green conveyancing specialists.

In scouring the web for the phrase on line conveyancing in Acocks Green it brings up numerous property lawyerslocally. How do I determine which is the suitable property lawyer for the sale of my house?

The ideal way of finding a suitable conveyancer is through a trusted testimonial, so enquire of friends and those you trust who have purchased a property in Acocks Green or the respected estate agent or mortgage broker. Charges for conveyancing in Acocks Green differ, so it's a good idea to request a minimum of three costs illustrations from different property lawyers. Be sure to seek confirmation that the fees are fixed.

Are there frequently found problems that you encounter in leases for Acocks Green properties?

There is nothing unique about leasehold conveyancing in Acocks Green. All leases are individual and legal mistakes in the legal wording can result in certain sections are erroneous. The following missing provisions could result in a defective lease:

A provision to repair to or maintain parts of the building

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, The Royal Bank of Scotland, and Barclays Direct all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to pull out.

I inherited a garden flat in Acocks Green, conveyancing was carried out in 2004. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Acocks Green with an extended lease are worth £186,000. The ground rent is £55 invoiced every year. The lease expires on 21st October 2075

You have 52 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.