My bid for a property was accepted at auction in Morganstown. Conveyancing is required. What is next?

Now that you have exchanged you will need to appoint a conveyancing lawyer quickly as you are faced with a tight a fixed date to complete the deal. An auction property should have an associated legal pack. This will likely include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold property the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You need to give this to the conveyancer working for you at the earliest opportunity. Do make sure that you have funds organised to complete the transaction on the set completion date.

I am due to move home in March. Does my conveyancing solicitor update the removal company on the completion day. Incidentally, can you put forward a removal company in Morganstown. Conveyancing solicitor was chosen prior to coming across your website.

On the afternoon of completion you will need to collect the keys from your selling agent however this should only occur when the vendors lawyers confirm to the agent that the monies to complete are in and the keys can be handed over. You will need to inform the removal company that you are ready to move in. We do not suggest a specific removal company but can assist you in choosing a conveyancing in Morganstown or a solicitor that specialises in conveyancing in Morganstown.

We previously selected conveyancers based in Morganstown on the HSBC solicitor approved list. They have just billed me a separate fee for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?

Provided it is contained in their Terms of Engagement or estimate then yes your conveyancing practitioner can levy a fee for this. The fee is not dictated by HSBC but by your Morganstown solicitor. Plenty of firms on the HSBC panel will levy an ‘acting for lender’ fee but many practices incorporate it on their overall fee.

My relative advised me that if I am buying in Morganstown I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is sometimes quoted for as part of the standard Morganstown conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Morganstown around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Morganstown Education with plans and statistics, Local Amenities and other useful data regarding Morganstown.

I used Arc property Solicitors a few years past for my conveyancing in Morganstown. Now, I need my files but the law firm is no longer operating. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I was recommended by a number of property agents in Morganstown to select a conveyancer on your site. What’s the financial incentive for Estate Agents to recommend your lawyers ahead of alternative conveyancing organisations?

We don’t make any commission for directing people our way. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.

I am looking at a two maisonettes in Morganstown both have about 50 years unexpired on the lease term. should I be concerned?

There are plenty of short leases in Morganstown. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the marketability of the lease reduces and it becomes more costly to extend the lease. For this reason it is generally wise to increase the term of the lease. More often than not it is difficulties arise selling premises 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 recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.

I inherited a 1st floor flat in Morganstown, conveyancing having been completed February 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Morganstown with an extended lease are worth £216,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2093

You have 68 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.