My previous conveyancer has sent a quote for just over a thousand pound for leasehold conveyancing in Olney. I’m hoping to downsize from a newly refurbished detached home for £175,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Olney?

The quote is slightly on the expensive side. If you are willing to expend time comparing prices you may be able to shave off some of the cost by perhaps £100 plus VAT. On the other hand, you maylive to regret opting for an a cheaper lawyer. Remember to ensure that the firm can act for your mortgage company. Do utilise our comparison tool to choose a Olney conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Olney.

I am acquiring a house without a mortgage in Olney. I have resided for the last 20 years in Olney. Conveyancing searches are expensive. As I know the area and road very well must I have all the conveyancing searches?

In the absence of a home loan, then the vast majority of the Olney conveyancing searches are non-obligatory. Your conveyancer will try and sway you, perhaps strongly, that you should have searches done, but he is duty bound to do this. One thing to take into account; if you are going to sell the house one day, it will be of interest to your prospective buyer what the searches reveal. There are plenty of instances where premises with functional issues can still throw up detrimental search results. A good conveyancing solicitor in Olney should provide you some sensible guidance in this regard.

Are there restrictive covenants that are commonly identified as part of conveyancing in Olney?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Olney. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Just had an offer accepted on a new build flat in Olney. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Olney

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

I would like to let out my leasehold apartment in Olney. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

A small minority of properties in Olney do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

Olney Leasehold Conveyancing - A selection of Queries before buying

Best to be warned if window replacement or some other significant cost is pending that will be shared between the leaseholders and may well materially impact the level of the maintenance fees or require a one off payment. In the main the outlay for major works tend not to be included within maintenance charges, although some managing agents in Olney obliged leaseholders to contribute towards a sinking fund and this is used to offset against major repairs or maintenance.