We are purchasing a house and need a conveyancing solicitor in Olney who is on the Bank of Ireland conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Olney.
My relative recommended that where I am purchasing in Olney I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Olney conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Olney around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Olney Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Olney.
I am buying a new build house in Olney with the aid of help to buy. The sellers refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not disclose to my lawyer about the deal as it will adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Olney I like with a park and railway links in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Olney suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My wife and I purchased a leasehold house in Olney. Conveyancing and Nationwide Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Olney who previously acted has now retired. Do I pay?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to instruct a Olney conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Olney - Examples of Questions you should consider before Purchasing
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The answer will be helpful as a) areas could cause problems for the block as the communal areas may begin to deteriorate where services are not paid for b) if the leasehold owners have an issue with the managing agents you will want to know about it The majority of Olney leasehold flats will incur a service bill for maintenance of the block set by the freeholder. Where you purchase the property you will have to meet this contribution, usually in instalments during the year. This can vary from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge for you to pay yearly, this is usually not a significant amount, say around £50-£100 but you should to check as sometimes it could be surprisingly expensive.
There are a number of houses in Olney on unadopted lanes. My partner and I are purchasing such a property. Are there any advantages to buying a property on a privately owned road?
Olney conveyancing firms are well versed in conveyancing propertieson private. The lawyer will review the title to identify any rights or liabilities. It is possible that there is a residents association that owners make annual payments to maintain the road. If there is one, the road should be maintained and look better than publicly maintained.