Have just purchased a repossessed house at auction in Burslem. Conveyancing is needed. What are my next steps?

Given that you are now for in every practical sense signed on the dotted line you will need to hire the services of a conveyancing lawyer as a matter of urgency as you are faced with a fast approaching a drop dead date to complete the transaction. All auction property will have an associated legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold property the auction papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You need to hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are in order to complete on the date specified in the contract.

Is there a list of Barclays panel solicitors in Burslem on the Building Society Association’s Website?

No. There is no such facility on the CML or Building Society Association websites. A small selection of banks make their panel listings visible over the internet. If you are in need of a Burslem lawyer on the Barclays please make the most of our tool.

I currently have a mortgage with Kent Reliance for my property in Burslem. Conveyancing was finalised a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?

Kent Reliance must be informed of your intention prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel solicitor.

How does conveyancing in Burslem differ for new build properties?

Most buyers of new build premises in Burslem approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Burslem typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Burslem or who has acted in the same development.

My brother has recommend that I appoint his lawyers for conveyancing in Burslem. Should I use them?

There are no two ways about it the ideal way to find a conveyancing practitioner is to seek recommendations from friends or family who have actually used the firm you're considering.

I am looking at a couple of apartments in Burslem both have approximately forty five years left on the leases. Will this present a problem?

A lease is a right to use the property for a period of time. As a lease shortens the saleability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.

Burslem Leasehold Conveyancing - A selection of Queries Prior to Purchasing

You should be aware if it is no more than eighty years it will have adverse implications on the value of the flat. Check with your bank that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease at some point and you need to have some idea of what this will be. Remember, in most cases you would be be obliged to have been the owner of the property for two years in order to be eligible to extend the lease. You will want to find out as much as possible concerning the company managing the building as they can either make your living at the property much easier or a lot more difficult. As the owner of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to day to day issues such as the cleanliness of the communal areas. Don't be shy to ask other tenants if they are happy with them. On a final note, investigate as to the dates that the service fees are due to the managing agents and specifically how they are spending the funds. Is the freehold reversion owned collectively by the tenants?

I note that you have a search directory listing law firms on the mortgage company conveyancing panel. Do Burslem conveyancing companies pay you a referral fee if I instruct them for my house purchase?

We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Burslem.