lenderpanel

Find a Morganstown Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Morganstown? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Morganstown transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Morganstown conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Morganstown

My previous conveyancer has quoted £1200 for no sale no fee conveyancing in Morganstown. I am selling a Victorian property for £275,000. Is this too much? Is it above what I should be paying for conveyancing in Morganstown?

The quote is fractionally on the steep side. Where you are prepared to spend time scrutinising fee on a like for like basis you may be able to reduce the fees slightly by perhaps £100 plus VAT. On the other hand, you maycome to regret opting for an a cheaper conveyancer. If is important to check the firm can act for your lender. You can employ our search tool to choose a Morganstown conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Morganstown.

I used Arc property Solicitors a few years ago for my conveyancing in Morganstown. Now, I need the files however cannot find the solicitor. What do I do?

Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Morganstown of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

How does conveyancing in Morganstown differ for new build properties?

Most buyers of new build or newly converted property in Morganstown contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Morganstown tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Morganstown or who has acted in the same development.

I am looking at a two flats in Morganstown which have in the region of fifty years left on the lease term. Will this present a problem?

There are no two ways about it. A leasehold apartment in Morganstown is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the marketability of the premises. The majority of buyers and banks, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Morganstown conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I am the registered owner of a studio flat in Morganstown, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Morganstown with over 90 years remaining are worth £196,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2086

With just 64 years left to run we estimate the price of your lease extension to span between £15,200 and £17,600 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.

Do online conveyancing organisations undertake everything a high street Morganstown solicitor does or must I retain a solicitor for the final stages for my conveyancing in Morganstown?

If you choose an online conveyancer they should cover all the tasks your Morganstown conveyancer would cover.

Last updated

Find out more about how flying freehold can affect your the value of a property.