We are about to exchange contracts for a freehold house in Holmes Chapel. We have hit a problem. The loan offer with Birmingham Midshires runs out on 9/3/2022 but the owners are putting forward a completion date of 11/3/2022. Can one prolong the loan expiry date?
The best person to address this issue is your solicitors who should calculate whether they should be discussing with the mortgage broker, vendor’s conveyancers, estate agents or possibly all parties given the circumstances your transaction as of today.
I am close to exchanging contracts on the sale of our home in Holmes Chapel and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Holmes Chapel conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Holmes Chapel. Having lived in Holmes Chapel for 5 years we know of no issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I have a semi-detached Edwardian house in Holmes Chapel. Conveyancing lawyer acted for me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Holmes Chapel and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I need to instruct a conveyancing lawyer in Holmes Chapel for my home move. Is it possible to see a firm’s record with the profession’s regulator?
One can read documented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor call for training requirements.
Having had my offer accepted I require leasehold conveyancing in Holmes Chapel. Before diving in I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Holmes Chapel - 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.
Holmes Chapel Leasehold Conveyancing - Sample of Questions you should ask before buying
It is important to be aware if redecorating or some other major work is anticipated to be shared amongst the leasehold owners and will materially increase the the maintenance charges or require a specific invoice. How long is the Lease? The majority of Holmes Chapel leasehold flats will be liable to pay a service charge for the upkeep of the building levied on behalf of the management company. Where you purchase the flat you will have to pay this charge, usually quarterly throughout the year. This may vary from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a ground rent for you to pay yearly, this is usually not a significant amount, say around £25-£75 but you should to check as on occasion it can be prohibitively expensive.