The loan agreement from HSBC for the refinancing of my 3 bedroom garden flat is due within the next few days. Could you recommend a low cost conveyancing solicitor in Morganstown?
You are on the wrong site if you are in need of the lowest fares for conveyancing solicitors in Morganstown. We can offer you excellent value conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing brokers offering low cost conveyancing in Morganstown. The optimum result, in deciding on low cost conveyancing, you will receive what you pay for and at worst you will end up spending a lot in additional fees and still not get the service you were looking for.
My partner and I swapping mortgage lender for our flat in Morganstown with Coventry BS. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the Coventry BS conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Coventry BS conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Coventry BS. This is solely used to protect Coventry BS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Coventry BS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have just over seventy years remaining on my lease and need a lease extension for my apartment in Morganstown. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
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 1/12/2024 the requirements read as follows :
My partner and I are downsizing from our home in Morganstown and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Morganstown. Having lived in Morganstown for three years we know of no issue. Do we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I have been on the look out for a ground for flat up to £195,000 and found one near me in Morganstown I like with open areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Morganstown for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months 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 lawyer regarding this matter.
Can I determine who owns a house in Morganstown?
Provided the premises is registered with the Land Registry, and you have enough details of the address of the property, you should be able to view results from the HMLR of the registered proprietor for a a minimal charge.