After what seems like an age a loan agreement from Santander for the refinancing of my 3 room flat is coming any day now. Could you recommend a cheap conveyancing law firm in Morganstown?
You have come to the wrong place to search for the lowest fares for conveyancing in Morganstown. Our aim is to provide value for money conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing organisations seducing you with low cost conveyancing in Morganstown. The optimum outcome, in deciding on low cost conveyancing, you will receive what you pay for and at worst it will result in you being stung for extras and still not receive the service you were hoping for.
I am assisting my step-mother sell her house in Morganstown. Does the conveyancer arrange an energy performance certificate or should I organise this?
Following the demise of Home Packs, EPC’s remained a mandatory component of moving property. An energy performance certificate needs to be commissioned before the property is placed on the market. This is not a task that lawyers normally arrange. Where you are instructing a Morganstown conveyancing practitioner they might be able to arrange energy performance certificates due to their relationships with reputable local assessors
Is it the case that all Morganstown solicitors on the Aldermore conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Aldermore conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Morganstown. I have a mortgage offer with Kent Reliance. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
three months have gone by since my purchase conveyancing in Morganstown took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £245,000 and found one round the corner in Morganstown I like with open areas and station in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Morganstown suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
I am looking into buying my first house which is in Morganstown and I am already nervous. I couldn't find anything specific about Morganstown. Conveyancing will be needed in due course but do you know about the Morganstown area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Morganstown. In the meantime here are some basic statistics that we found
I work for a reputable estate agent office in Morganstown where we have witnessed a number of flat sales put at risk as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Morganstown conveyancing firms. Can you shed some light as to whether the seller of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a garden flat in Morganstown, conveyancing having been completed 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Morganstown with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2104
With 79 years unexpired the likely cost is going to span between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.