Our Milton Keynes conveyancer has spotted a discrepancy when comparing the information in the home valuation survey and what is in the title deeds. My solicitor says that he must ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?

Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

I own a freehold residence in Milton Keynes but still pay rent, why is this and what is this?

It is rare for properties in Milton Keynes and has limited impact for conveyancing in Milton Keynes but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

I require expedited conveyancing in Milton Keynes as I am under an ultimatum to exchange contracts inside 3 weeks. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?

If.Given you are not getting a mortgage you are at free not to have searches carried out although no conveyancer would suggest that you don't. With plenty of history conveyancing in Milton Keynes the following are instances of issues that can arise and adversely impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...

I have justfound out that Action Conveyancing have closed. They conducted my conveyancing in Milton Keynes for a purchase of a freehold house 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?

The easiest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Milton Keynes conveyancing specialists.

I only have 72 years remaining on my lease in Milton Keynes. I need to get lease extension but my freeholder is missing. What are my options?

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 for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to find the freeholder. In some cases an enquiry agent should be helpful to conduct investigations and prepare an expert document to be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Milton Keynes.

I own a garden flat in Milton Keynes, conveyancing was carried out 7 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Milton Keynes with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ceases on 21st October 2090

You have 65 years unexpired we estimate the premium for your lease extension to range between £13,300 and £15,400 as well as legals.

The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.