Various web forums that I have frequented warn that are the primary cause of stalling in Nether Edge house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Nether Edge.

I used Action Conveyancing several years ago for my conveyancing in Nether Edge. I now require my papers but cannot find the solicitor. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to help locate 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 Nether Edge of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

Over the last few months I have been searching for a flat up to £305k and identified one round the corner in Nether Edge I like with amenity areas and transport links in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Nether Edge suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a mortgage that many years will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.

How simple is it to use your search facility to locate a conveyancing solicitor in Nether Edge on the approved list for my mortgage?

Step one is to select a mortgage company such as Barclays , Skipton Building Society or Britannia then specify your location a common one being Nether Edge. Conveyancing practices in Nether Edge and across England and Wales will then be shown.

What makes a Nether Edge lease unacceptable for security purposes?

Leasehold conveyancing in Nether Edge is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:

A provision to repair to or maintain parts of the building Clauses dealing with recovering service charges for expenditure on the building or common parts.

You could have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Chelsea Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.

I acquired a split level flat in Nether Edge, conveyancing was carried out in 2006. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Nether Edge with over 90 years remaining are worth £260,000. The ground rent is £45 levied per year. The lease ends on 21st October 2100

With 75 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.