It has come to my attention via my mortgage adviser that my Milton Keynes property lawyer is not on the mortgage company Conveyancing panel. How can I be sure if this is correct?
The first thing you need to do is to call your Milton Keynes conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
My lawyer in Milton Keynes is not on the TSB Approved Panel. Is it possible for me to use my prefered solicitor even though they are excluded from the TSB panel?
The limited options available to you here include:
- Carry on with your existing Milton Keynes solicitors but TSB will need to instruct a conveyancer on their panel. This will inevitably rack up the total conveyancing charges and result in delays.
- Find an alternative lawyer to to deal with the conveyancing, obviously checking they are TSB approved.
- Persuade your TSB solicitor to attempt to join the TSB panel
What is your number one tip for finding a conveyancing solicitor in Milton Keynes
Do not opt for the lowest Milton Keynes conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My uncle pointed out to me me that in buying a property in Milton Keynes there could be a number of restrictions preventing external alterations to the property. Is this right?
We are aware of a number of properties in Milton Keynes which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Milton Keynes should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
About to purchase flat in Milton Keynes. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Milton Keynes solicitor is on the Skipton conveyancing panel.
How does conveyancing in Milton Keynes differ for newly converted properties?
Most buyers of new build property in Milton Keynes approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Milton Keynes tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Milton Keynes or who has acted in the same development.
We expect to complete our sale of a £200,000 garden flat in Milton Keynes in just under a week. The landlords agents has quoted £312 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Milton Keynes?
Milton Keynes conveyancing on leasehold maisonettes normally requires the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to assist. They are entitled to invoice a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some situations it is above £800. The management information fee invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is requested of you if you want to sell the property.
I bought a 1st floor flat in Milton Keynes, conveyancing was carried out November 1997. Can you work out an approximate cost of a lease extension? Similar properties in Milton Keynes with an extended lease are worth £165,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2101
With just 77 years left to run we estimate the price of your lease extension to be between £7,600 and £8,800 as well as 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. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I pay a maintenance fee for my first floor flat in Milton Keynes. As a result of flawed financial planning I fell behind with remittance. I negotiated a clearance plan but there is still around £2000 outstanding as of today.
I want to sell and I am concerned this could hold me back if I have to pay off the amount due in advance. Do I have to settle before - is this viable?
You should check with the property lawyer conducting your Milton Keynes conveyancing but one option might be to arrange for the debt to be attributed to the purchasers. The purchase price they pay would be adjusted to reflect the amount of debt they assume. They could then deal with the arrears following completion of the sale.