I am about to put a bid on a leasehold property in Morriston. The selling agents tell me that it is normal for flats in Morriston to have less than 75 years unexpired on the lease. I am expecting a loan with Accord Mortgages. Will the property be mortgageable given that the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/5/2026 the requirements read as follows :
I understand that there are debates on Chancel Insurance on online forums. Do I require this when buying a residence in Morriston? or I am told that there is a law dating back centuries that could mean that owners of property residing in a parish church boundary will be compelled to pay for maintenance to the chancel within the church. Is this suitable for conveyancing in Morriston?
Unless a previous purchase of the property completed after 12 October 2013 you may assume that lawyers conducting conveyancing in Morriston to continue to propose a a chancel search and or insurance against a claim.
It has been 2 months since my purchase conveyancing in Morriston completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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.
Hoping to buy a property located in Morriston and I am already nervous. I couldn't find anything specific about Morriston. Conveyancing will be needed in due course but do you know about the Morriston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Morriston. In the meantime here are some basic statistics that we found
My cousin has recommend that I appoint his conveyancing solicitors in Morriston. Do I follow his guidance?
No doubt the best way to choose a conveyancing practitioner is to get recommendations from friends or family who have actually previously instructed the solicitor that you are considering.
I am looking at a couple of apartments in Morriston both have approximately forty five years remaining on the leases. Will this present a problem?
A lease is a right to use the premises for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
I acquired a ground floor flat in Morriston, conveyancing was carried out 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Morriston with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2097
With only 71 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.