Conveyancing in Olney
The conveyancing process ensures the legal transfer of property from the seller to the buyer. If you need a solicitor for conveyancing in Olney, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have helped clients in Olney and throughout Milton Keynes with buying, selling, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Other areas covered: Aylesbury, Bletchley, High Wycombe, Milton Keynes and Wycombe
Buying property in Olney
A market town in Buckinghamshire, Olney is known for its Georgian architecture, independent shops, and local events like the annual pancake race. It's well-connected via road to Milton Keynes. The town has a population of around 6,500.
Council Tax in Olney (2023/24)
Olney is in Milton Keynes Council.
Band | Amount |
---|---|
A | £1,364.08 |
B | £1,591.43 |
C | £1,818.77 |
D | £2,046.12 |
E | £2,500.81 |
F | £2,955.51 |
G | £3,410.20 |
H | £4,092.24 |
What will my Olney solicitor do?
A conveyancer plays a pivotal role in a property purchase, and helps the buyer with the legal side of buying a home.
The solicitor will perform due diligence on the property, including raising enquires of the seller, property searches and completing the registration of your ownership with HM Land Registry.
Olney conveyancing solicitors would also undertake checks related to listed buildings and properties in conservation areas or green belt land.
Purchasing with a mortgage?
When you buy a house, your solicitor must also handle some legal work for your mortgage bank.
If your solicitor is not on your chosen mortgage provider's panel, your purchase could take significantly longer to complete.
Over 100 building societies, banks and lenders have approved our chosen panel lawyers, so we can help you complete your Olney transaction smoothly.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
We can also assist Olney home buyers with conveyancing for:
When purchasing a home in a conservation area, your conveyancer will check for potential planning issues, e.g. missing consents for replacement doors, and facade maintenance obligations. Conservation areas in Olney and across the Milton Keynes local authority include Newport Pagnell, Clifton Reynes, Emberton, Stony Stratford and Wolverton.Conservation area
Around half a million listed buildings exist across the country - around 1,170 of which are in Milton Keynes Council. Listed buildings in and near to Olney include: Listed properties can be a joy to own, but they come with their share of complexities. Our expert solicitor panel will discuss with you what commitments you are making as a listed building owner. Examples include maintenance of historic features, required consent for any alterations and an obligation to maintain the property's surroundings in a manner consistent with its historic character. Read more:Buying a listed building
New Build Conveyancing
The legal work for buying a new build property in Olney is often more complex than other types of conveyancing.
Your solicitor in Olney must be able to deal with things like dealing with fast exchange timeframes, investigating issues with drains and roads that serve the property and specific lender requirements.
Read more:
Leasehold flats
Purchasing a leasehold property in the UK requires a number of extra steps when compared to buying a freehold. The many potential complications lying in wait for an uninformed buyer can include legally technical issues like unpaid service charges by the existing leaseholder and marriage value issues.
A leasehold solicitor will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
Should I be wary of buying a leasehold house?
Should I buy a property with a short lease?
Selling a property in Olney
When selling a property in Olney, your solicitor will arrange all the necessary documentation, like the draft contract and the TA6 and TA10 property information forms, and will help you answer these forms.
The lawyer will handle questions from the buyer's side, resolve any potential issues and redeem the existing mortgage. Your solicitor will coordinate with all stakeholders, like agents, lenders and landlords, ensuring that the sale is completed without incident.
Does a leasehold property take longer to sell?
Yes, compared to freehold conveyancing. The conveyancing for selling a leasehold home usually takes longer.
The buyer's conveyancer will want to see these documents, including a copy of buildings insurance for the common parts of the property. Delays are usually caused by the time required by to source this information.
It could take several weeks to collect this paperwork if it is difficult to contact the managing agent or they are slow to respond, so your lawyer should commence this at the earliest opportunity.
Read more:
Selling a leasehold flat? What to do before going on the market
Conveyancing for selling a property
Remortgaging
The base interest rate is 4.5% (18 February, 2025)
You will need to check the solicitor you have selected is an approved member of your lender's legal panel before you instruct your solicitor.
We work with remortgage solicitors who are on the solicitor panels of over 100 mortgage lenders, so whether you are changing to a 25-year mortgage with Yorkshire Building Society or taking out a buy to let mortgage from Aldermore Bank, we can help you.
Read more:
Find out if our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transferring Equity in Olney
If you aim to make changes to the ownership of your home, whether you are inheritance tax planning, buying out an ex-partner or transferring the ownership of a property to your children, you'll need to carry out a transfer of equity.
Your conveyancer will handle all the required documentation for a low, fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much do conveyancing solicitors fees cost in Olney?
Conveyancing legal fees
Your conveyancing solicitor's quote will set out the legal fees (inc. VAT) to be paid when the conveyancing transaction completes. Conveyancing fees are paid to your solicitor or conveyancer for the legal work that they complete during your transaction.
Disbursements
The conveyancing quote should also include any disbursements, which are third-party costs, such as Stamp Duty Land Tax (SDLT), HM Land Registry fees and property searches.
Check the quote for hidden costs
When comparing quotes, beware of extra fees. Some firms include extra costs in their terms and conditions, resulting in a final bill that is higher than the original quote.