I have given 8 weeks notice to my existing landlord and must vacate my let out apartment in Manningtree by 15/1/2021. Conveyancing on my purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not serve notice on a rental unless you have exchanged. If you have not already done so, update to your conveyancer and urge them to they apply pressure on the other solicitors, try to a target completion date that everyone will aim towards
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Manningtree. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Clydesdale will require that you use a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
I have been on the look out for a flat up to £235,500 and found one round the corner in Manningtree I like with open areas and transport links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Manningtree in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How simple is it to use the search app to choose a conveyancing practitioner in Manningtree on the approved list for my bank?
Step one is to select a lender such as Accord Mortgages Ltd, The Mortgage Works or Godiva Mortgages Ltd then specify your preferred area e.g. Manningtree. Conveyancing firms in Manningtree and further afield will then be identified.
I am using a search engine for the words conveyancing in Manningtree it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The preferential method of seeking a suitable conveyancer is via trusted testimonial, so enquire of friends and family who have bought a property in Manningtree or a local estate agent or financial adviser. Charges for conveyancing in Manningtree vary, so it's advisable to obtain a minimum of four quotes from varying types of conveyancers. Be sure to obtain confirmation what costs in the quote includes.