Guaranteed fixed fees for Leasehold Conveyancing in Acocks Green

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Acocks Green leasehold conveyancing Example Support Desk Enquiries

I am on look out for some leasehold conveyancing in Acocks Green. Before diving in I require certainty as to the number of years remaining on the lease.

If the lease is registered - and 99.9% are in Acocks Green - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title.For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I've found a house that seems to be perfect, at a great price which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Acocks Green. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?

The majority of houses in Acocks Green are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. We note that you are purchasing in Acocks Green so you should seriously consider shopping around for a Acocks Green conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is part of an estate. Your solicitor should report to you on the legal implications.

I've recently bought a leasehold property in Acocks Green. Do I have any liability for service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

What are your top tips when it comes to appointing a Acocks Green conveyancing firm to carry out our lease extension conveyancing?

When appointing a solicitor for lease extension works (regardless if they are a Acocks Green conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you speak with two or three firms including non Acocks Green conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be of use:

  • If they are not ALEP accredited then why not?
  • What volume of lease extensions have they conducted in Acocks Green in the last 12 months?

  • All being well we will complete the sale of our £475000 apartment in Acocks Green next week. The freeholder has quoted £360 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Acocks Green?

    Acocks Green conveyancing on leasehold apartments usually involves fees being invoiced by landlords agents :

    • Completing pre-exchange questions
    • Where consent is required before sale in Acocks Green
    • Copies of the building insurance and schedule
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Acocks Green leasehold property is £350. For Acocks Green conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply the information.

    Acocks Green Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying

      How many of the leaseholders are in arrears for their service charge payments? Please inform me if there are any major works in the near future that could increase the service fees? If a Acocks Green lease has fewer than eighty years it will affect the salability of the apartment. Check with your bank that they are content with the length of the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Acocks Greenlease extensions you would need to own the premises for 24 months before you are entitled to carry out a lease extension.

    Other Topics

    Lease Extensions in Acocks Green