Our Loughton lawyer has uncovered an inconsistency when comparing the assumptions in the home valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to check that the bank is with this discrepancy and is content to go ahead. Is my lawyer’s approach right?

Your must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

When will exchange of contracts take place for purchase conveyancing in Loughton and do I need to attend the conveyancers branch?

If you are in close proximity to one of the conveyancing solicitors in Loughton you are welcome to attend to sign contracts. That being said, the lender approved solicitors we work with supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you digitally. The executing of the purchase agreement is not the important part. Signing on the dotted line simply enables the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Loughton)to be in the office at the appropriate time.

I completed on my house on 6 April and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Loughton advises it should be dealt with in less than a month. Are transfers in Loughton uniquely lengthy to register?

As far as conveyancing in Loughton is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can vary subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. As of today roughly 80% of such applications are completed within two weeks but some can be subject to protracted delays. Registration is effected after the buyer has moved in to the property so an expedited registration is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.

I am purchasing my first flat in Loughton with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of extras instead. The sale representative told me not inform my lawyer about this extras as it may affect my mortgage 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 opted to have a survey carried out on a property in Loughton ahead of instructing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not give a loan on such a premises.

It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Loughton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Loughton to see if the conveyancing costs will increase in light of this.