I am about to put an offer on a leasehold apartment in Manningtree. The selling agents assure me that it is standard for flats in Manningtree to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Virgin. Will the property be mortgageable given that the lease has 70 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 6/6/2025 the requirements read as follows :
Forgive me if this question is silly but I am unseasoned as FTB of a ground floor flat in Manningtree. Do I collect the keys to the house on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in Manningtree?
On the day of completion you will not be required to attend the conveyancers office in Manningtree. Your solicitors will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be called to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I have today made my last payment due on my mortgage with UBS. I assume I don't need a Manningtree property lawyer on the UBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Manningtree building society branch on a couple of occasions and was told they are content with the situation and they will lend. My Manningtree conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend in accordance with their specific requirements. Who do I believe?
Your solicitor must follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am purchasing a property and the conveyancer has raised the issue of Chancel Repair for which the house could be liable as it falls into the area of such a church. She has recommended insurance. Is this really required for conveyancing in Manningtree
Unless a previous purchase of the house took place after 12 October 2013 you could assume that conveyancing practitioners delivering conveyancing in Manningtree to continue to advocate a chancel search and or insurance against a claim.
I am purchasing a new build house in Manningtree with a mortgage from Halifax. The sellers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about the side-deal as it may impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £195,000 and found one round the corner in Manningtree I like with a park and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Manningtree suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the remaining unexpired lease term may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could request that they start the process of the extension and pass 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.
What does commercial conveyancing in Manningtree cover?
Manningtree conveyancing for business premises covers a broad array of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.