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Cheap conveyancing in Milton Keynes does not necessarily mean low quality - but the odds are stacked against you

Milton Keynes Conveyancing Statistics*

  • 1 August was the busiest month and September was the next busiest month while November was the least busiest month of the year for conveyancing in Milton Keynes
  • 2 Average time frame of 54 days for registration of title in Milton Keynes
  • 3 The most common indemnity insurance policies for Milton Keynes conveyancing is Chancel
  • 4 Average Land Registry Fee for this year to date was £270
  • 5 Percentage of cases in Milton Keynes that are buy to let is 15%

Examples of recent conveyancing in Milton Keynes since March 2024*

Recently asked questions about conveyancing in Milton Keynes

I am buying a property mortgage free in Milton Keynes. I have lived for the previous dozen years in Milton Keynes. Conveyancing searches are expensive. As I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?

In the absence of a mortgage, then the vast majority of the Milton Keynes conveyancing searches are at your discretion. Your solicitor will 'advise', perhaps strongly, that you should have searches carried out, but he is duty bound to do this. Do take into account; if you are going to dispose of the house one day, it could be of importance to your future purchaser what the searches disclose. Sometimes premises with no practical issues can still throw up detrimental search results. A good conveyancing solicitor in Milton Keynes should be able to give you some sensible guidance in this regard.

The Milton Keynes conveyancing solicitors that I appointed last week on my purchase in Milton Keynes have without warning closed. I chose them because I needed a lawyer on the Skipton conveyancing panel and my preferred Milton Keynes lawyer was not. I paid them £170 on account. What do I do now?

Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.

I am looking for a ground for flat up to £235,500 and found one near me in Milton Keynes I like with amenity areas and transport links nearby, however it's only got 61 years on the lease. There is not much else in Milton Keynes suitable, so just wondered if I would be making a mistake buying a short lease?

If you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

My business partner and I are intending to lease a unit on the high street. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Milton Keynes for less than 2k?

We can recommend firms who host a wealth of experience of commercial conveyancing in Milton Keynes, including the disposal and acquisition of businesses as well as simply property. Whether you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the charges this will depend on the structure and heads of terms of the proposed transaction. Let us have your contact information or telephone so as to enable us to supply you with a detailed commercial conveyancing quote.

I today plan to offer on a house that seems to meet my requirements, at a reasonable price which is making it more attractive. I have subsequently found out that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Milton Keynes. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

Most houses in Milton Keynes are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Milton Keynes in which case you should be looking for a Milton Keynes conveyancing solicitor and check that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’spermission to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor should report to you on the legal implications.

Milton Keynes Leasehold Conveyancing - A selection of Questions you should ask Prior to Purchasing

    How long is the Lease? If a Milton Keynes lease has fewer than 80 years it will affect the salability of the flat. It is worth checking with your lender that they are content with residual term of the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out what this would cost. Remember, in most cases you would need to own the property for two years before you are eligible to extend the lease. What restrictions exist in the Milton Keynes Lease?

I own a leasehold flat in Milton Keynes. Conveyancing was finalised in 2009. I have read on a number of consumer forums that I mustn’t let the lease length fall too short. What is the reasoning?

Milton Keynes domestic long term leases are for a set period - usually 99 years when they commenced. However a significant appartments in Milton Keynes were built or converted 25 or more years ago and so such leases now have fewer than 80 years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage lenders generally need leases to have a minimum of seventy five years remaining to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To optimize your property value you should be considering whether to extend your lease long before you come to sell it. Furthermore strong financial reasons to taking action before the lease reaches even eighty years as when the lease falls below eighty years the premium to be paid to extend starts to escalate.

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Sample of conveyancing solicitors in Milton Keynes regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Milton Keynes but also conveyancing throughout England and Wales.

  • Dass Legal Solutions (mk) Law Ltd, Norfolk House East, 499 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 2AH
  • Heald Solicitors Llp, Ashton House, 471 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 2AH
  • Shoosmiths Llp, Witan Gate House, 500-600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH
  • Geoffrey Leaver Solicitors Llp, 251 Upper Third Street, Milton Keynes, Buckinghamshire, MK9 1DR
  • Emw Law Llp, Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR

Commercial Conveyancing solicitors in Milton Keynes regulated by the SRA

The list below is a non-comprehensive list of solicitors in Milton Keynes specialising in commercial conveyancing in Milton Keynes. This will likely include advice on re-mortgaging commercial property
  • Dass Legal Solutions (mk) Law Ltd, Norfolk House East, 499 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 2AH
  • Heald Solicitors Llp, Ashton House, 471 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 2AH
  • Shoosmiths Llp, Witan Gate House, 500-600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH
  • Geoffrey Leaver Solicitors Llp, 251 Upper Third Street, Milton Keynes, Buckinghamshire, MK9 1DR
  • Emw Law Llp, Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR

Planning law solicitors in Milton Keynes regulated by the Solicitors Regulation Authority

The list below is a non-comprehensive list of solicitors in Milton Keynes specialising in planning law. This may include advice on special planning controls
  • Shoosmiths Llp, Witan Gate House, 500-600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH
  • Emw Law Llp, Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.