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Find a Loughton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Loughton

My lawyer in Loughton is not listed on the Barclays Conveyancing Panel. Can I still continue with my prefered solicitor even though they are not on the Barclays list of approved lawyers?

Your options are as follows:

  1. Complete the purchase with your preferred Loughton lawyers but Barclays will need to use a lawyer on their panel. This will inevitably rack up the total conveyancing fees as well as cause delays.
  2. Get a new lawyer to act in the conveyancing, remembering to check they are Convince your solicitor to do everything within their powers to join the Barclays conveyancing panel

The deeds to my house can not be found. The lawyers who handled the conveyancing in Loughton 5 years ago have long since closed. What are my options?

Nowadays there are duplicates made of almost everything, and your conveyancer will know exactly where to locate all the suitable documentation so you can buy or sell your house without a hitch. If copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities against future claims on your premises.

I am purchasing a new build house in Loughton with a mortgage from Aldermore. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about this extras as it could adversely affect my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am using a search engine for the words conveyancing in Loughton it shows results of numerous conveyancersin the vicinity. How do I determine which is the right conveyancer for purchase transaction?

The best method of seeking a suitable conveyancer is via personal testimonial, so seek the opinion of friends and relatives who have bought a property in Loughton or the local estate agent or mortgage broker. Fees for conveyancing in Loughton vary, so it's advisable to obtain a minimum of four costs illustrations from varying types of companies. Dont forget to clarify what costs in the quote includes.

Can you provide any top tips for leasehold conveyancing in Loughton from the point of view of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Loughton can be bypassed where you instruct lawyers the minute you market your property and request that they start to put together the leasehold information needed by the purchasers’ conveyancers.
  • If there is a history of any disputes with your landlord or managing agents it is very important that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to ongoing. You may think that you are aware of the number of years left on your lease but you should verify this via your solicitors. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 75 years. It is therefore important at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. A minority of Loughton leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.

After months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Loughton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

Most certainly. We can put you in touch with a Loughton conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Loughton property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The remaining number of years on the lease was 69.26 years.

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Neighbouring Locations

Loughton
Chigwell

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