Find a Olney Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Olney conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Olney

I acquired my house on 3 April and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Olney expressed confidence that it would be formalised in a couple of weeks. Are titles in Olney particularly slow to register?

As far as conveyancing in Olney registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can adjust subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. Currently approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to extensive delays. Historically registration is effected once the buyer is living at the premises so 'speed' is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your conveyancer could speak with the land registry and explain the circumstances.

Due to the guidance of my in-laws I had a survey completed on a house in Olney ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may refuse to issue a loan on a flying freehold house.

It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Olney. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Olney to see if the conveyancing will be more expensive.

I need to instruct a conveyancing solicitor for remortgage conveyancing in Olney. I have stumble upon a web site which appears to be the perfect solution If it is possible to get all formalities completed via web that would be ideal. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

What are the frequently found problems that you see in leases for Olney properties?

There is nothing unique about leasehold conveyancing in Olney. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:

    A provision for the recovery of money spent for the benefit of another party.

You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Barnsley Building Society, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the purchaser to withdraw.

Olney Leasehold Conveyancing - Sample of Queries Prior to buying

    Who are the managing agents? Are any of leasehold owners in arrears of their service charge liability? On the whole the outlay for major works tend not to be included within service charges, albeit that a few managing agents in Olney obliged leaseholders to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance.

My wife and I about to complete buying a property in Olney but as a result of damage from the recent storms I have agreed compensation from the vendor of £2k by way of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process but my bank will not permit this. Why were they informed?

The property lawyer that is on the lender approved list is obliged to disclose to the lender of any variations to the purchase figure. If you prohibit your lawyer to notify the price change to your bank then they would have to refrain from representing you and the lender.

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