Am I correct in assuming that the fact that my conveyancer in Milton Keynes is not listed on my bank's conveyancing panel that there is a problem with the quality of the firm’s work?
That would more than likely be an incorrect assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Milton Keynes conveyancing practice and ask them why they are no longer on the approved list for your lender.
The deeds to my house are lost. The solicitors who did the conveyancing in Milton Keynes 4 years ago are no longer around. What are my next steps?
Nowadays there are duplicates made of almost everything, and your solicitor should know precisely where to look for all the suitable documentation so you may purchase or sell your property without any difficulty. If duplicates are not available, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Milton Keynes I like with open areas and railway links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Milton Keynes suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I am a sole trader intending to lease a unit on a shopping parade. Can you recommend lawyers offering fixed costs for non-domestic conveyancing in Milton Keynes for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Milton Keynes, including the disposal and purchase of businesses as well as simply property. If you are hoping to acquire or sell a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right firm. As for the costs these will vary based on the structure and heads of terms of the deal. Let us have your contact information or phone so as to enable us to provide you with a fixed commercial conveyancing calculation.
What is the reason for my conveyancing practitioner requiring various items of ID before they can proceed with selling or purchasing a property in Milton Keynes?
Milton Keynes lawyers are required by the Law Society, SRA, the Land Registry and current Money Laundering legislation to record that the have checked the identity of their clients. It will also be a requirement of your lender where you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, national insurance number and DOB.