Longridge: 01772 783314 | Garstang: 01995 602129 | Lancaster: 01524 581306 
 
Longridge: 01772 783 314 
Garstang: 01995 602 129 
Lancaster: 01524 581 306 
A person dropping a set of property keys into the hands of another person.
If you are buying a property, but worried how the Covid 19 virus would affect the purchase. MG Legal, property solicitors in Lancaster, tell you your options. 
Call us on 01524 581 306 (Lancaster), 01995 602 129 (Garstang) or 01772 783 314 (Longridge) 
Pop into your local office 
The property purchase is supposed to go through this week- will the purchase be postponed? 
 
The short answer is no. MG Legal’s property solicitors in all of our offices, Lancaster, Garstang and Longridge, are open, and will remain so. 
 
And the seller’s property solicitors? 
 
To date, we are unaware of any solicitor in Garstang who are not in the office. Likewise with our fellow property solicitors in Lancaster or Longridge, are still working to get all property sales and purchases completed, and shall continue to do so, without disruption. 
 
What is the worst -case scenario for my property purchase? 
 
In any property transaction, there’s more than just your instructed solicitor to think about: There’s the other sides solicitors, the estate agents, removal people, and in the case of a new-build property, the builders. Our solicitors are still in the office, and will continue to be so, welcoming new clients, and old. But if the seller’s solicitors close, prior to the exchange of contracts and completion, then it could be that the property transaction does not go ahead until their offices re-opens. 
 
Will I be covered for search fees, agents fees, and solicitors costs? 
 
Well, we have good news. There are various insurance packages out there, with many offering Residential Abortive Transaction Insurance. There have been many occasions, and indeed, many reasons why a property sale or purchase can indeed not complete. In the event of a failed sale or purchase the customer can cover the costs of conveyancing fees (including searches), lender’s arrangement fees and survey/valuation fees. 
 
In the UK last year, over £400 million was wasted on failed property transactions in England and Wales. Insurance for covering your property solicitor’s legal costs, searches, and surveys is not a new thing, and we at MG Legal, solicitors in Lancaster, will be more than happy to walk you through the same. 
 
MG Legal – Your Local Solicitors 
Property.
Share this post:

Leave a comment: 

Tags

Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings