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Find a Milton Keynes Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Milton Keynes? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Milton Keynes home move at risk of delay or failure.

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Recently asked questions about conveyancing in Milton Keynes

Why would I use a Milton Keynes conveyancing practice given that internet based conveyancers are less overpriced?

To take your time to find compare conveyancing costs in Milton Keynes and you should seek an affordable fee calculation but don’t expend your energy looking for the lowest priced Milton Keynes conveyancer. Appointing the right conveyancer can mark the difference between a smooth and a frustrating house move. It is important that you ensure that you have expert advice from an experienced solicitor. Emails can't be as helpful as a telephone conversation and can never replicate a one to one appointment. Our partner firms will allocate you a qualified and experienced conveyancing solicitor who can handle your conveyancing from from the outset to completion, providing a level of personalised service that you will never get with an internet conveyancer. Our lawyers will update you as to headway and keep you informed. Should you need to phone the office you will know who to ask for and they will endeavour to make sure that you're not left wondering what's going on.

3 months have gone by following my purchase conveyancing in Milton Keynes took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Milton Keynes differ for newly converted properties?

Most buyers of new build property in Milton Keynes come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Milton Keynes typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Milton Keynes or who has acted in the same development.

I opted to have a survey carried out on a house in Milton Keynes in advance of retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders tend not grant a loan on such a premises.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Milton Keynes. Conveyancing will be smoother if you use a solicitor in Milton Keynes especially if they are accustomed to such properties in Milton Keynes.

Having checked my lease I have discovered that there are only 68 years remaining on my flat in Milton Keynes. I am keen to get lease extension but my landlord is can not be found. What should I do?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to track down the freeholder. In some cases an enquiry agent may be useful to carry out a search and to produce a report which can be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a solicitor both on proving the landlord’s absence and the vesting order request to the County Court covering Milton Keynes.

Leasehold Conveyancing in Milton Keynes - A selection of Queries before buying

    Who are the managing agents? Please note that where the lease has fewer than eighty years it will impact the marketability of the property. Check with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will most likely need a lease extension at some point and you need to have some idea of how much this would cost. Remember, in most cases you would be be obliged to have been the owner of the premises for two years in order to be eligible to carry out a lease extension. Please inform me if there are any major works in the near future that will add a premium to the maintenance charges?

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Find out more about how flying freehold can affect your the value of a property.