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Cheap conveyancing in Loughborough does not necessarily mean low quality - but the odds are stacked against you

Loughborough Conveyancing Statistics*

  • 1 Average Stamp Duty Payable for this year to date was £1,896
  • 2 Percentage of cases in Loughborough that are buy to let is 12%
  • 3 February was the busiest month and January was the next busiest month while October was the least busiest month of the year for conveyancing in Loughborough
  • 4 Percentage of leasehold conveyancing purchases in Loughborough is 14% where there is a share in the management company or freehold company
  • 5 95% freehold and 5% leasehold conveyancing in Loughborough for this year to date

Examples of recent conveyancing in Loughborough since June 2020*

Recently asked questions about conveyancing in Loughborough

Me and my partner are acquiring our first property. Our conveyancing practitioner has calledto see if we want to take out extra conveyancing searches. We are really unsure what's relevant for conveyancing in Loughborough

The type of Loughborough conveyancing searches should be triggered based entirely on the property, the location, the possibility of any of these risks, your familiarity of the locality and risks, your overall attitude to risk. What is important is that you properly understand what information the searches could give you. You may then make a decision if you personally think you need that search. Where you are unsure, ask your property lawyer to explain.

How up to date is your database of Loughborough solicitors on the Nationwide conveyancing panel? Do Nationwide send you an updated list?

Loughborough conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.

I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather instruct a Loughborough based conveyancing firm?

Do check but the chances are that allocate you one of their panel solicitors if you take up the "fee-free" deal. Call the mortgage company and see if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Loughborough.

Are there restrictive covenants that are commonly picked up during conveyancing in Loughborough?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Loughborough. 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 opted to have a survey completed on a house in Loughborough ahead of retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend refuse to grant a mortgage on this type of home.

It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Loughborough. Conveyancing will be smoother if you use a solicitor in Loughborough especially if they are acquainted with such properties in Loughborough.

Completion is due on the disposal of our £275,000 garden flat in Loughborough on Friday in a week. The management company has quoted £408 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Loughborough?

Loughborough conveyancing on leasehold flats more often than not involves the buyer’s solicitor submitting questions for the landlord to address. Although the landlord is under no legal obligation to respond to such questions most will be willing to assist. They are at liberty to levy a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some transactions it is above £800. The management information fee required by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is technically not due. Reality however dictates that one has little choice but to pay whatever is requested of you if you want to complete the sale of your home.

I invested in buying a leasehold flat in Loughborough, conveyancing having been completed 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Loughborough with a long lease are worth £191,000. The ground rent is £55 yearly. The lease ceases on 21st October 2073

You have 53 years remaining on your lease the likely cost is going to be between £27,600 and £31,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.

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Residential Landlord and Tenant Conveyancing solicitors in Loughborough

The firms listed below are a small selection of solicitors in Loughborough with expertise in landlord and tenant law and on the regulations governing different types of tenancies. This will likely include advice on Leasehold Valuation Tribunal proceedings

  • J E Sale Limited, 20 Church Gate, Loughborough, Leicestershire, LE11 1UD
  • Bird Wilford & Sale, 19-20 Church Gate, Loughborough, Leicestershire, LE11 1UD
  • K J Vaughan Limited, 20 Church Gate, Loughborough, Leicestershire, LE11 1UD
  • Moss Solicitors Llp, 80-81 Woodgate, Loughborough, Leicestershire, LE11 2XE
  • T. C. Dunbar Limited, 80-81 Woodgate, Loughborough, Leicestershire, LE11 2XE

Planning law solicitors in Loughborough regulated by the Solicitors Regulation Authority

The practices listed below are a small selection of solicitors in Loughborough with expertise in planning law. The solicitors can give expert legal advice on all aspects of planning, including special planning controls
  • Bird Wilford & Sale, 19-20 Church Gate, Loughborough, Leicestershire, LE11 1UD
  • Elvin & Co, 92 Main Street, East Leake, Loughborough, Leicestershire, LE12 6PG

What to expect from a Licensed Conveyancer for conveyancing in Loughborough?

Licensed Conveyancers specialise in the legalities surrounding purchasing and selling property and cover conveyancing countrywide as well as Loughborough. If instructing a Licensed Conveyancer governed by the CLC, you can expect:
  • Receive an honest and lawful service.
  • Receive a high standard of legal services.
  • Be supplied with your transaction dealt with using care, skill and legal competence.
  • Receive a high quality of service due to your conveyancer’s arrangements, resources, procedures, skills and commitment.
  • Have a service which is accessible and responsive to your specific requirements.
  • Not feel discriminated against, victimised or harassed.
  • To receive the standard you could expect, however, if you do your lawyer accepts responsibility for this and provides you with any appropriate redress.
  • Have your individual needs taken into account should a complaint be made.
  • Enjoy the benefit of a speedy, independent and comprehensive service where making a complaint about your conveyancing in Loughborough about your conveyancing in Loughborough.

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.