Just contacted my conveyancing lawyer in Milton Keynes Village who acted for me 18 months ago and wanted a conveyancing quote based on an identical type of house sale & purchase (a leasehold property and a freehold property) of similar values with a mortgage from HSBC Bank. I am now being quoted double. Should I hunt for a cheaper online conveyancer?

The estimate fees are a little high. If you you were to look around you may be able to trim some of the expense by say £125. On the other hand, if you were pleased with the assistance the firm provided you maylive to regret opting for an an untested conveyancer. If is important to enquire the solicitor can represent HSBC Bank. Do make use of our search tool to get a quote a Milton Keynes Village conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Milton Keynes Village.

The owners have very assertive sellers who has insisted on a exclusivity contract with a payment two thousand pounds. Are such agreements sensible?

There are a couple of primary concerns with signing a lock out contract (also termed a shut-out contract) is that it diverts attention away from making progress with the conveyancing work, so in the absence of it needing little or no negotiation then it could transpire to be a cause of frustration and delay. It is not promoted amongst Milton Keynes Village conveyancing practitioners as a result. A further issue is the extent of the remedies available - an aggrieved purchaser should not expect to obtain an injunctive ruling by a court to stop the owner completing the sale to an alternative purchaser, so the only remedy available under the agreement will be the recovery of wasted costs and, in rare circumstances, the extra payment of penalties.

I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Milton Keynes Village for below £2000?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Milton Keynes Village, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right firm. Regarding the costs this will depend on the structure and heads of terms of the deal. Please provide us with your details or call so as to enable us to provide you with a detailed commercial conveyancing calculation.

I am employed by a reputable estate agent office in Milton Keynes Village where we have experienced a few flat sales put at risk as a result of short leases. I have received inconsistent advice from local Milton Keynes Village conveyancing firms. Could you shed some light as to whether the vendor of a flat can start the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Milton Keynes Village Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing

How long is the Lease? How is the lease structured? How many of the leaseholders are in arrears for their maintenance charge payments?

We are midway through buying a property in Milton Keynes Village. Conveyancing solicitor has called to say the title is "Leasehold". Will this likely make a difference on our Natwest valuation?

Milton Keynes Village conveyancing does not ordinarily involve leasehold houses. The crucial consideration here is the remaining lease term and the ground rent. If there are hundred of years years remaining with a nominal rent, it's virtually freehold, so it’s unlikely to impact the value significantly.

At the other extreme, if it's, say, fifty five years it is bound to have a adverse impact on the value, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease to be supplied to your solicitor.