We were just about to exchange contracts for a leasehold flat in Heaton and Jesmond. We have hit a snag. Our loan offer with Santander runs out on 20/4/2026 but the owners are insisting on a completion date of 22/4/2026. Can one prolong the loan offer?
The person best placed to address this question is your solicitors who should determine if he or she is should be discussing with the mortgage company, seller’s representatives, selling agents or conceivably all three taking into account what has happend in your house move to date.
3 months have elapsed following my purchase conveyancing in Heaton and Jesmond concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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.
About to purchase a new build apartment in Heaton and Jesmond. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Heaton and Jesmond
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
My business partner and I are wishing to take over a lease of an office on the high street. Can you recommend solicitors offering competitive costs for commercial conveyancing in Heaton and Jesmond for less than £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Heaton and Jesmond, including the disposal and purchase of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or telephone us so that we may supply you with a detailed commercial conveyancing quote.
Should I instruct a Heaton and Jesmond conveyancing practitioner based in the location that I am buying? I have an old university friend who can conduct the conveyancing however they are based a couple of hundredmiles drive away.
The primary upside of using a local Heaton and Jesmond conveyancing firm is that you can visit the firm to execute paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Heaton and Jesmond know how is a benefit. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and in the main were happy that must trump using an unknown Heaton and Jesmond conveyancing solicitor just because they are local.
I've recently bought a leasehold flat in Heaton and Jesmond. 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).
I invested in buying a leasehold flat in Heaton and Jesmond, conveyancing formalities finalised 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Heaton and Jesmond with a long lease are worth £260,000. The ground rent is £45 per annum. The lease terminates on 21st October 2101
With just 75 years left to run the likely cost is going to range between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.