Am I correct in assuming that the fact that my solicitor in Olney is not identified on my mortgage company's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Olney conveyancing practice and enquire why they are no longer on the approved list for your lender.
I have given 8 weeks notice to my existing landlord and have to be out of my rented apartment in Olney by 31/3/2026. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to provide notice for your letting until exchange of contracts has taken place. Assuming that you have not already done so, notify to your conveyancer and ask them to they seek the assistance the other side, try to get a realistic time scale from them that everyone will work towards
How do I check that the solicitor handling my conveyancing in Olney is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £175.00 in additional legal invoice.
Feel free to take advantage of the search tool on this page. Please choose the lender and type ‘Olney’ or your location and you will discover numerous solicitors located in Olney or nearest you.
I can see plenty of information on this site about conveyancing in Olney but can you isolate your top tip for appointing the right conveyancer in Olney
It would be unwise to be seduced by the lowest Olney conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. 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 know exactly what you’ll have to pay in advance.
We are buying a victorian detached house in Olney. The intention is to carry out a loft conversion at the house.Will the conveyancing process involve checks to ascertain if these alterations are allowed?
Your solicitor will review the registered title as conveyancing in Olney will on occasion identify restrictions in the title deeds which prevent certain works or need the consent of another owner. Certain works need local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
We are getting the release of further funds on our home loan from Bank of Ireland as we wish to conduct alterations to our house in Olney. Are we obliged to select a bricks and mortar Olney solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?
Bank of Ireland would not normally instruct firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland panel.
As co-executor for the will of my uncle I am selling a residence in Cardiff but reside in Olney. My solicitor (who is 300 kilometers from meneeds me to sign a stat dec before completion. Can you recommend a conveyancing practitioner in Olney who can witness this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are located in Olney
I have just started marketing my garden apartment in Olney. Conveyancing lawyers have not yet been instructed, but I have recently had a yearly maintenance charge invoice – Do I pay up?
The sensible thing to do is discharge the service charge as usual because all rents and maintenance payments should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a split level flat in Olney, conveyancing formalities finalised June 2010. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Olney with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2091
You have 65 years remaining on your lease we estimate the premium for your lease extension to range between £13,300 and £15,400 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.