My financial adviser has asked me for my Loughton lawyer’ panel member for the Nationwide conveyancing panel. Can you suggest how I find this out. I have tried my local Loughton office but they have not responded to me.
You are best placed to get this information from your Loughton lawyer . They retain a central record lender panel numbers.
My wife and I are soon to exchange buying a property in Loughton but as a result of wreckage from some water damage at the property I have was able negotiate compensation from the seller of three thousand pounds in the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process yet Barclays are not allowing this. Why were they involved?
Your lawyer that is on a Barclays approved list is duty bound to disclose to Barclays of any amendments to the purchase price. If you were to refuse your lawyer to report the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new property lawyer for your conveyancing in Loughton.
I own a freehold house in Loughton but still invoiced for rent, why is this and what is this?
It is rare for properties in Loughton and has limited impact for conveyancing in Loughton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Over the last few months I have been searching for a flat up to £305k and identified one near me in Loughton I like with amenity areas and station nearby, the downside is that it only has 49 remaining years left on the lease. There is not much else in Loughton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I am selling my home. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Loughton if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Loughton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.