lenderpanel

Find a Murton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Murton

My partner and I are buying a ground floor flat in Murton. My Conveyancer is not on the mortgage company solicitor panel. Can I still appoint my Murton conveyancing solicitor even though they are not on the mortgage company panel?

Your options include

  • Proceed with your preferred Murton conveyancing practitioner but your bank will need to retain a lawyer on their approved list. This will result in additional cost and potential interruption.
  • Choose a new solicitor to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
  • Appeal to your property lawyer to attempt to join the mortgage company panel

I am the registered owner of a freehold house in Murton but still charged rent, why is this and what is this?

It is rare for properties in Murton and has limited impact for conveyancing in Murton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.

Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

My husband and I are hoping to buy a newbuild apartment in Murton with a mortgage from Godiva Mortgages Ltd.We use our Murton conveyancing lawyer but Godiva Mortgages Ltd advised that his firm is not on their "panel". we are left little option but to use a Godiva Mortgages Ltd panel firm or keep our preferred solicitor and pay for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Godiva Mortgages Ltd use our lawyer?

Unfortunately,no. The home loan offered to you is subject to its terms and conditions, one of which will be that solicitors will be on the Godiva Mortgages Ltd approved list. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Godiva Mortgages Ltd

How does conveyancing in Murton differ for newly converted properties?

Most buyers of new build premises in Murton approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Murton tend to buy the real estate, 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 conveyancing solicitors 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 Murton or who has acted in the same development.

I am attracted to a two maisonettes in Murton both have in the region of 50 years left on the leases. Will this present a problem?

There are plenty of short leases in Murton. The lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.

Murton Conveyancing for Leasehold Flats - Examples of Queries before buying

    What restrictions are contained in the Murton Lease? It is important to be aware whether changing the roof or some other major work is anticipated that will be shared by the leasehold owners and will materially increase the the maintenance charges or require a specific payment. How is the lease structured?

Last updated

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