My colleague suggested that if I am buying in Loughton I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Loughton conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Loughton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Loughton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Loughton.
I acquired my house on 3 April and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Loughton said it will be registered in less than a month. Are transfers in Loughton uniquely lengthy to register?
As far as conveyancing in Loughton registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ according to who lodges the application, whether it is in order and whether the Land registry need to notify any interested parties. At present roughly three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs after the purchaser has moved in to the premises so 'speed' is not typically top priority but if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.
I have been on the look out for a flat up to £195,000 and found one near me in Loughton I like with amenity areas and railway links in the vicinity, however it's only got 52 years on the lease. There is not much else in Loughton suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I need to instruct a conveyancing solicitor for residential conveyancing in Loughton. I've stumble upon a web site which seems to have the perfect offering If it is possible to get all this stuff completed via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Developers have suggested I use a conveyancer and I've obtained a quote from them. It's nearly £250 cheaper than my preferred Loughton lawyer. Should I use them?
Builders normally have panels of solicitors who expedite matters and who know the builder's contract and conveyancer. Plenty of developers offer an incentive to select their approved property lawyer for this reason, any increased fees can be avoided and a builder will not suggest a conveyancing factory and run the risk of having the conveyancing delayed when they require an exchange within a tight deadline. The argument for not agreeing to use the suggested property lawyer is that they may prove reluctant to 'push' your interests at the risk of alienating the sellers. Where you have concerns that this may be the case you should remain with your local Loughton conveyancing practitioner.