We are a couple about to exchange contracts for a property in Hanley. We have hit a stumbling block. The mortgage offer with Barnsley Building Society runs out on 6/11/2025 but the sellers are suggesting a completion date of 10/11/2025. Can one extend the loan expiry date?
The person best placed to address this question is your lawyer who will hopefully calculate if he or she is better off negotiating with the mortgage broker, owner’s representatives, estate agents or indeed all three based on what has happend in your conveyancing as of today.
3 months have elapsed following my purchase conveyancing in Hanley concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Hanley I like with open areas and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Hanley suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Hanley and how can your lawyers assist?
The particular law that you refer to affords security of tenure to business lessees, giving them the a statutory right to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Hanley is one of the hundreds of locations in which our lawyers are located
I need to instruct a conveyancing lawyer in Hanley for my sale. Is there any facility to review a firm’s record with the profession’s regulator?
You may search for documented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I'm purchasing a bungalow in Hanley. I have found my conveyancer's company on the Law Society's list, but I can't locate my lawyer's name as listed on the regulator's website. Should I be concerned?
Not all staff in the practice must be listed by the regulator. Provided there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unqualified staff.