We are about to exchange contracts for a leasehold flat in Harborne. We encountered a stumbling block. Our loan offer with The Mortgage Works runs out on 8/12/2025 but the vendors are putting forward a completion date of 10/12/2025. Can one extend the mortgage offer?
The person best placed to address this question is your solicitors who should calculate if they should be discussing with the lender, seller’s conveyancers, selling agents or indeed all parties based on the history of your house move to date.
Do banks and building societies provide you with an approved list of Harborne conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Harborne conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
We're in Harborne, First timers buying with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am looking for a ground for flat up to £195,000 and identified one near me in Harborne I like with a park and transport links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Harborne suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage that many years will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
In what way does the Landlord & Tenant Act 1954 affect my commercial offices in Harborne and how can your lawyers assist?
The particular law that you refer to provides a safeguard to business lessees, giving them the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Harborne is one of the hundreds of areas of the UK in which the firms we work with are located