I have given 8 weeks notice to my current landlord and have to vacate my let out apartment in Broughton In Furness by 25/4/2025. Conveyancing on my purchase is underway. Can I complete in 4 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not serve notice for your tenancy unless your lawyer suggests that you should. If you have not previously done so, notify to your lawyer and request that they cajole the sellers side, try to an acceptable time-line that everyone will work towards
My aunt passed away last year and as sole heir and executor I was left the property in Broughton In Furness. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
Where you plan to refinance then Co-operative will insist on your using a conveyancer on the Co-operative 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 Co-operative 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 Co-operative mortgage is registered as a charge at the Land Registry.
I decided to have a survey done on a house in Broughton In Furness in advance of retaining solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders may not issue a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Broughton In Furness. Conveyancing may be slightly more expensive based on your lender's requirements.
I am attracted to a couple of apartments in Broughton In Furness which have in the region of fifty years left on the lease term. Do I need to be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this field.
Broughton In Furness Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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What is the annual service fee and ground rent? Who manages the block? Is the freehold owned collectively by the leaseholders?
My conveyancing in Broughton In Furness completes this Friday, yet the vendors I am buying off wants to vacate on the Saturday noon. Can I agree to such a idea?
If you require a bank loan then your conveyancing practitioner will insist that you have vacant possession on Friday - the lender will compel it.