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Recently asked questions about conveyancing in Loughton

Me and my wife are purchasing our first house. Our conveyancer has messagedto ask if we would like to order supplemental conveyancing searches. We are really unsure what's needed for conveyancing in Loughton

The quantity and type of Loughton conveyancing searches should be dictated primarily on the premises, the location, the possibility of any of these risks, your knowledge of the region and risks, your general approach to risk. What is important is that you adequately understand what information each search could supply. Then you can make a decision if you personally think you need that search. If in doubt, ask the solicitor to guide you.

What does my ID and proof of funds have anything to do with my conveyancing in Loughton? Is this really necessary?

In order to comply with Money Laundering Regulations any Loughton conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are duty bound to check not only the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Loughton?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Loughton. 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…’

I am looking into buying my first house which is in Loughton and I am already nervous. I couldn't find anything specific about Loughton. Conveyancing will be needed in due course but do you know about the Loughton area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Loughton. In the meantime here are some basic statistics that we found

Looking forward to sign contracts shortly on a studio apartment in Loughton. Conveyancing lawyers assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Loughton should include some of the following:

    Does the lease prohibit wood flooring? Does the lease prevent you from letting out the property, or working from home Whether your lease has a provision for a slush fund? Repair and maintenance of the flat You should be sent a copy of the lease
For a comprehensive list of information to be included in your report on your leasehold property in Loughton please enquire of your lawyer in ahead of your conveyancing in Loughton.

I own a second floor flat in Loughton. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?

You certainly can. We are happy to put you in touch with a Loughton conveyancing firm who can help.

An example of a Freehold Enfranchisement matter before the tribunal for a Loughton premises 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 affected 2 flats. The number of years remaining on the existing lease(s) was 69.26 years.

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Neighbouring Locations

Loughton
Chigwell

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