Find a Lender-Approved Local Conveyancer in Walton on the Naze

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Choosing the right solicitor is the most important decision when it comes to your Walton on the Naze conveyancing

Top reasons to let us help you choose a high street conveyancing solicitor in Walton on the Naze

  • 1 Low cost packages from online conveyancers might be tempting. However, these companies are often located many kilometers away with limited appreciation of the factors that impact property transactions in Walton on the Naze
  • 2 The Walton on the Naze conveyancing firms that are listed are dedicated to supplying the most cost, efficient and accessible conveyancing service to borrowers, sellers and investors in Walton on the Naze
  • 3 Walton on the Naze conveyancer are the linchpin to a successful Walton on the Naze conveyancing experience, keeping the process under control. They are on your side throughout, offering dedicated advice for the duration of your move
  • 4 Our site offers most comprehensive domestic conveyancing directory listing bank approved law firms conducting conveyancing in Walton on the Naze who are regulated by the SRA or Council of Licensed Conveyancers.
  • 5 The mark of a good conveyancing solicitor in Walton on the Naze is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by large estate agency chains) sometimes falls short of the high standards of professionalism you will expect.

Examples of recent conveyancing in Walton on the Naze since April 2024*

Recently asked questions about conveyancing in Walton on the Naze

We are purchasing a house and require a conveyancing solicitor in Walton on the Naze who is on the Bank of Ireland approved panel. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Walton on the Naze.

I am about to put a bid on a leasehold property in Walton on the Naze. The estate agents tell me that it is usual for flats in Walton on the Naze to have less than 75 years remaining. I am expecting a loan with Nationwide Building Society. Will the property be mortgageable given that the lease has Seventy One years unexpired.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/7/2024 the requirements read as follows :

- Our minimum unexpired lease term is 55 years, except where lending is over 85% of the purchase price/valuation on a second hand flat, in which case our minimum unexpired term is 90 years.
- There must be at least 30 years remaining at the end of the mortgage term (regardless of the length of lease at the start).

Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer
- Where lending is over 85% of the purchase price/valuation on a second hand flat and the unexpired lease term on the offer is 90 years or more - only advise us if the actual lease term is less than 90 years.

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Issuing Office (Will be declined):
- Unexpired lease term less than 55 years
- Unexpired lease term less than 90 years where we are lending more than 85% of the purchase price/valuation on a second hand flat
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period is less than or equal to 5 years

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 55 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial, etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 1% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than 85 years (Minimum 90 years where we are lending more than 85% of the purchase price/valuation on a second hand flat)
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Issuing Office (Will be declined)
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house (does not apply to Shared Ownership)
- Any lease which is subject to a Ground Rent (or Annual Rent) being charged which is more than on a peppercorn basis
- Any lease which is subject to a Ground Rent (or Annual Rent) being charged which is more than on a peppercorn basis

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 1% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- A lease subject to a peppercorn Ground Rent (Annual Rent) charges

For the avoidance of doubt, any New Build properties completed but not sold pre-30 June 2022 will only be acceptable if the Lease conforms to the above guidance.

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years.

Lease Extensions

We require all Lease Extensions to be completed under the Leasehold Reform Housing and Urban Development Act 1993 and to meet the above criteria as a minimum. Where you become aware that it does not meet these requirements, please refer to Issuing Office.

If you had a top tip for choosing a conveyancing solicitor in Walton on the Naze what would it be?

We would encourage you not to base your choice on the cheapest Walton on the Naze conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

Is there a list of Skipton panel conveyancers in Walton on the Naze on the Building Society Association’s Website?

Unfortunately not yet. There is no such facility on the CML or Building Society Association websites. Very few banks make their panel listings available over the internet. Where you are in need of a Walton on the Naze property lawyer on the Skipton please use our tool.

The formalities of my purchase has taken place for my property in Walton on the Naze. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?

Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.

I have a 4 bedroom Victorian property in Walton on the Naze. Conveyancing lawyer represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Platform Home Loans Ltd to clarify?

You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Walton on the Naze and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing practitioner who conducted the work.

I'm remortgaging my existing home to a BTL loan with Skipton Building Society and intend to use the remaining equity towards another house. The neighborhood we are talking about is Walton on the Naze. Will your lawyers be able to act for both sets of banks and tie in the transactions?

Make use of our search tool on this site to be sure that the solicitors are on the appropriate lender panels. Having checked that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and make apparent your expectations and needs.

I am using a search engine for the phrase on line conveyancing in Walton on the Naze it brings up numerous conveyancersin the area. With so much choice what is the best way to find the suitable conveyancer for my move?

The ideal way of finding a suitable conveyancer is via trusted referral, so ask colleagues and those you trust who have acquired a property in Walton on the Naze or a respected estate agent or mortgage broker. Charges for conveyancing in Walton on the Naze vary, so it's advisable to obtain at least three fee calculations from different companies. Make sure that you know that the fees are fixed.

Last updated

Commercial Conveyancing solicitors in Walton on the Naze regulated by the SRA

The firms listed below are a small selection of solicitors in Walton on the Naze with expertise in commercial conveyancing in Walton on the Naze. This will likely include advice on re-mortgaging commercial property
  • Powells Walton Solicitors, 21 New Pier Street, Walton On The Naze, Essex, CO14 8ED
  • Lux Law Limited, The Triangle, 148 Rochford Way, Frinton-on-Sea, Essex, CO13 0AZ
  • Alistair Keeble, 104-106 Kings Avenue, Holland-on-Sea, Clacton-on-Sea, Essex, CO15 5EP

Domestic Licensed Conveyancers in Walton on the Naze regulated by the Council of Licensed Conveyancers

Please be aware that the listed conveyancers do not limit their work for conveyancing in Walton on the Naze but also conveyancing across England and Wales.
  • Hanslip Ward & Co Ltd, Hill Crest, CO12 3PH

Planning law solicitors in Walton on the Naze regulated by the Solicitors Regulation Authority

The list below is a small selection of solicitors in Walton on the Naze practicing in planning law. The solicitors can give expert legal advice on all aspects of planning, including special planning controls
  • Lux Law Limited, The Triangle, 148 Rochford Way, Frinton-on-Sea, Essex, CO13 0AZ

Neighboring Locations

Holbrook
Harwich
Felixstowe
Frinton and Walton
Walton on the Naze
Clacton On Sea
Frinton On Sea

*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.