This question may be naive but I am unexperienced as a first time purchaser of a ground floor flat in Olney. Do I receive the keys to the property on completion from my solicitor? If this is the case, I will find a local conveyancing solicitor in Olney?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s lawyers, and once they have received this, you should be called to pick up the keys from the Estate Agents and move into your new home. Usually this happens between 1 and 3pm.
When it comes to mortgage companies such as Aldermore, do Olney lawyers face a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I have finally had an offer on a maisonette in Olney accepted, but there is a chain. The vendors have placed an offer on on an apartment, but it’s not been accepted yet, and are looking at other properties in the pipeline. I have instructed a local conveyancing solicitor in Olney. What should be my next step? When should I get the mortgage application with UBS going?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then survey, Olney conveyancing search fees, etc). The first course of action is to ensure that your lawyer is on the UBS approved list. As to the subsequent steps this very much depends on the specifics of your case, motivation for the property and on the state of the market. In a rising market the majority of purchasers will apply for a home loan with UBS and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to press on with searches.
My relative advised me that where I am purchasing in Olney I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally 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 demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Olney.
I used Action Conveyancing a few years ago for my conveyancing in Olney. Now, I need the documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Olney of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the guidance of my in-laws I had a survey completed on a property in Olney ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not issue a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Olney. Conveyancing will be smoother if you use a solicitor in Olney especially if they are accustomed to such properties in Olney.
How simple is it to transfer to a new firm as I need to retain one who is on the Chelsea Building Society conveyancing list. I was using a local conveyancing solicitor in Olney round the corner but he is not accepted by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Olney on the Chelsea Building Society panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Olney. Using the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Olney.
I've recently bought a leasehold house in Olney. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Olney - A selection of Questions you should ask before Purchasing
Are there any major works anticipated that will likely add a premium to the service costs? Who is in charge of the block?