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Conveyancing in Olney Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 26/04/17

Local information:

Turweston Aerodrome Airport is 19 miles from Olney. Luton Airport is 24 miles and away. Olney's closest station is Milton Keynes Central at 9 miles.

Manor is a relatively close hospital to Olney.

Q.

What are the best conveyancing rates for a £553,000 house?

A.

Many property lawyers purport to offer theoretically cheap conveyancing, however extra charges may increase your final bill. Any extra costs which are listed in terms of engagement ought to be fair and clearly defined and only apply to matters if the lawyer is required to complete unexpected extra work , which could not be anticipated at the start of the process. Your conveyancing quote ought to list costs to be paid to third parties, e.g. the Land Registry, (disbursements).

Q.

What type of conveyancing searches regarding the potential risk of a flood at Buckinghamshire will the conveyancing solicitor in Olney apply for?

A.

A qualified solicitor applies for standard property environmental searches that will include Olney flood risk area data information. A substantially more set of searches, such as the Homecheck search, will often be proposed by the conveyancing solicitor in Olney if in the event that the initial conveyancing searches reveal any risk of flooding.

Q.

How soon should we instruct a conveyancing solicitor to act for us?

A.

With few exceptions, instructing as soon as possible is wise, as the legal work can start very early in the process. Some advocate postponing instruction until the offer is accepted, but delays can risk the other side pulling out, particularly in uncertain market conditions.

Q.

What is the council tax on a Forties terraced dwelling in Olney?

Almost always a report on title will give detail the relevant Milton Keynes council tax band. The latest tax rates for homes in Olney are published online at the Milton Keynes council site. At the time of writing (12 February 2013) band rates are:

  • Band A - £928.00
  • Band B - £1,083.00
  • Band C - £1,237.00
  • Band D - £1,392.00
  • Band E - £1,701.00
  • Band F - £2,011.00
  • Band G - £2,320.00
  • Band H - £2,784.00

Q.

There is a lot of free information about conveyancing as a buyer of a flat - Would it be sensible to take care of the legal conveyancing process without help.?

A.

There is no reason why a buyer cannot conceivably complete the conveyancing without the help of Olney conveyancer. The truth is however that a lawyer carries out a large number of exercises including chasing replies to requisitions or apportioning ground rents which require a qualified professional. Critically DIY lawyers are taking risks without the correct indemnity insurance which every legal firms are required by their regulator to be covered by.

Q.

What conservation areas are there in Olney?

A.

Locales deemed to be of historical or architectural value, such as 19th century suburbs, will be recorded as conservation areas. You may wish to contact the local council for more information, but your lawyer will investigate this in detail during the property transaction.

Q.

What environmental concerns will impact land in Olney, and will they be properly investigated?

A.

A range of contaminants may lessen the desirability Olney property. Contaminants such as air pollution or local waste transfer sites will be investigated during the conveyancing process. Courts Farm, Railway Cutting, Buckinghamshire, MK46 5EH is a source of potential local contamination in Olney.

Q.

We are buying on a brownfield site. Is the soil potentially contaminated?

A.

Olney's local area has a history of contamination from industry and natural causes, like much of the UK. Various bodies hold data on land contaminants affecting Olney, including local authorities.

 
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