We were about to instruct a conveyancing solicitor in Olney found on your site but have come across alternative estimates via the web seem less pricey – how come?
You can find numerous conveyancing organisations advertising supposedly cheap conveyancing, yet more often than not additionalcharges end up with the closing bill mounting up beyond all recognition. According to the Legal Ombudsman fees outlined in terms of business should be fair and reasonable raised The conveyancers that we put forward for conveyancing in Olney clearly state all legal fees for the property you plan topurchase.
Would the conveyancing lawyers via your comparison service perform conveyancing in Olney by way of an attended exchange?
We do have a number of conveyancing experts who can conduct 24hr exchanges. Do e-mail us to receive a costs illustration and details as to availability.
It is a dozen years since I purchased my property in Olney. Conveyancing solicitors have just been instructed on the sale but I can't track down my deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be kept by the lender or they could be in the possession of the lawyers who acted in the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Nearly all conveyancing in Olney involves registered property but in the rare situation where your home is unregistered it is more problematic but is resolvable.
Can you clarify what the consequences are if my solicitor is expelled from the Clydesdale Solicitor panel ahead of completing my conveyancing in Olney?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a house in Olney?
Unless a previous purchase of the premises completed after 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Olney to continue to suggest a chancel search and or chancel repair liability insurance.
There are only Seventy years unexpired on my lease in Olney. I need to extend my lease but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have used your best endeavours to locate the freeholder. In some cases a specialist would be useful to conduct investigations and to produce an expert document to be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s absence and the application to the County Court overseeing Olney.
I am the registered owner of a 1st floor flat in Olney, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Olney with over 90 years remaining are worth £195,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2087
With only 63 years unexpired we estimate the price of your lease extension to span between £16,200 and £18,600 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.