Various web forums that I have visited warn that are a common reason for obstruction in Stourbridge house deals. Is this right?

The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Stourbridge.

The deeds to my home are lost. The lawyers who dealt with the conveyancing in Stourbridge 4 years ago have long since closed. Will I be able to sell the house?

Assuming you have a registered title the details of your ownership will be documented by HMLR under a Title Number. It is possible to perform a search at the Land Registry, locate your house and get up to date copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be obtained for twenty pounds.

I am looking for a leasehold apartment up to £235,500 and found one round the corner in Stourbridge I like with a park and railway links nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Stourbridge suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.

I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Stourbridge. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?

The majority of houses in Stourbridge are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Stourbridge so you should seriously consider looking for a Stourbridge conveyancing practitioner and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is part of an estate. Your lawyer will appraise you on the various issues.

I am the registered owner of a split level flat in Stourbridge, conveyancing formalities finalised 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Stourbridge with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2095

You have 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.

I need to consider costs for conveyancing in Stourbridge from various solicitor and choose one. Am I right to ask them to sit tight until I a suitable house to buy.

You should only request your lawyer to open a file and apply for searches once the sales memo has been sent by the estate agent especially as Stourbridge conveyancing searches are costly.