Look no further for your residential conveyancing solicitor in Loughborough
Whatever your property challenge, we can solve it.
Selling property in Loughborough
Your expert conveyancing solicitor's role when selling a property in Loughborough, will include:
- Draft contracts – Your conveyancing solicitor drafts the initial legal contract to be sent to the buyer's solicitor.
- Responding to enquiries – your solicitor responds to any questions the buyer's solicitor may have (this is where you'll find out if you are missing documents, which can cause delays to your sale).
- Investigating issues – your solicitor may need to complete further investigation to try and satisfy them.
- Exchange contracts – once the buyer's solicitor has satisfied their enquiries, contracts are finalised and exchanged
- On the day of completion – your solicitor receives the money for the sale, discharges the mortgage (if required), pays the estate agent, deducts their fee and then sends the net sale proceeds to you.
- Post completion – your solicitor receives the DS1 discharge documents and, when leasehold, settles your liabilities for ground rent and service charges.
Our Loughborough conveyancing solicitors' cost for selling a property starts from £723 INC VAT.
For Loughborough buying
- Draft contracts – Your solicitor reviews the draft contract sent by the seller's solicitor.
- Raising enquiries – your solicitor will ask the seller's solicitor questions based on the contract, title, and property documents to protect you from any nasty surprises.
- Exchange contracts – once your solicitor is satisfied with their enquiries, they agree with the seller to finalise and exchange contracts
- Day of completion – on the day of completion, your solicitor transfers the money for the sale.
- Post completion – following completion, your solicitor makes an application to HM Land Registry to register you as the new owner.
Our Loughborough conveyancing solicitors' cost for buying a property starts from £723 INC VAT.
Add or remove someone from a property title in Loughborough
With a Transfer of Equity, you can buy someone out of a shared property and remove them from the title, or add someone to the title to transfer ownership of a share of the property, making them a joint owner. This service includes:
- Property solicitors fees including ID checks, office copies
- HM Land Registration fees
- (if party being removed) ID1 Form verification fee
- (if mortgage) Change of mortgage fee
- (if leasehold) Notice fee to freeholder
Our Loughborough conveyancing solicitors' cost for a Transfer of Equity in Loughborough starts at £399 INC VAT.
If someone is giving up their share of the property for less than market value, they may be required to get independent legal advice, which will be an additional expense.
Switch your mortgage deal in Loughborough
Your remortgage solicitor will perform all the necessary checks, review your new mortgage offer, and update HM Land Registry post-completion. The process is similar to when you purchase but should take less time, as the solicitor doesn't need to raise any legal enquiries.
If you own a leasehold property, your solicitor must carry out extra work to investigate the lease terms. Our conveyancing solicitors' cost for a remortgage in Loughborough starts at £363 INC VAT INC VAT.
Purchase the next chunk of your equity
When you're ready to buy the next chunk of the equity in your shared ownership property, a conveyancer will be required to handle:
- The bank transfer;
- obtaining a mortgage redemption statement from your existing lender;
- receiving your new mortgage offer and confirming the lender terms;
- receiving the memorandum of staircasing;
- handling completion;
- filing SDLT form (if required); and
- registration at the Land Registry.
Our conveyancing solicitors' cost for shared ownership staircasing in Loughborough starts at £569 INC VAT.
If you need to add someone to the legal title, you will need to pay an additional fee for a transfer of equity.
Paying off your Help to Buy equity loan
You'll need a solicitor to:
- Receive redemption letter;
- review title for ownership and restrictions;
- obtain Authority to Complete;
- draft a deed of postponement for your current lender;
- handling completion;
- bank transfer; and
- if repaid in full, removal of the loan restriction at the Land Registry.
Our conveyancing solicitors' cost for Help to Buy loan redemption in Loughborough starts at £333 INC VAT.
Price based on a freehold with the loan being repaid in full using savings.
Why buy a home in Loughborough?
Loughborough is a town in Leicestershire County in Charnwood Borough and is perhaps best known for hosting Loughborough University, which has been a prestigious contributor to sporting life in the UK for a long time. It has excellent communications, particularly to airports and railways.
Although it has a long history, dating back as far as the 1086 Domesday Book, it grew greatly in the early part of the 19th Century with industrialisation in the area and acquired many new suburbs in the 20th century. In terms of attractions and landmarks, it has 5 museums, including Charnwood Museum in the centre and the fine medieval All Saints Church.
Glenfield Hospital, Groby Rd, Leicester, LE3 9QP
Coalville Community Hospital, LBroom Leys Rd, Coalville, LE67 4DE
Gorse Hill Hospital, Gorse Hill, Syston, LEICESTER, LE7 7GX
Loughborough is on the A6 and is very close to the M1 for access to the wider motorway network. Loughborough Railway Station offers access to a variety of conurbations including Leicester, Bedford, Luton and London (St Pancras) Railway Stations.
Distance to Airports from Loughborough
Airport | Miles by car |
East Midlands Airport | 10 miles |
Birmingham | 40 miles |
Robin Hood Airport Doncaster Sheffield | 61 miles |
Loughborough High School, Burton Walks, Loughborough LE11 2DU
Limehurst Academy, Bridge St, Loughborough LE11 1NH
Woodbrook Vale, Grasmere Rd, Loughborough LE11 2ST
Residential Conveyancing Solicitors in and around Loughborough
Our Loughborough conveyancing solicitors can help you with your conveyance locally or in any of the surrounding areas, including Leicester, Long Eaton, Clifton, Beeston, West Bridgford, Derby and Nottingham.
We have many offices throughout England and Wales, so you can find a solicitor near you.
- Aitken Way, LE11 2UJ
- Thirlmere Drive, LE11 3SY
- Milton Court, LE11 5JL
- Lower Gladstone Street, LE11 1PJ
- Lower Gladstone Street, LE11 5JL
- The Skylarks (2,3 and 4-bed houses) – East Leake, Nottinghamshire, LE12 6PW.
Developed by David Wilson Homes.
Loughborough Property Prices
Average property price in Loughborough | £260,925 |
Population of Loughborough | 59,317 (2012) |
Local conveyancing solicitor
What are the Pros and Cons of using a licensed conveyancing solicitor in Loughborough?
The Pros of using property lawyers near me
- You may know your local conveyancing solicitors - this is a huge benefit if you know your solicitor already, especially if it is a small community where you live.
- You can drop your documents and ID off - losing your original ID and documents is always a worry, so being able pop in to your local conveyancing solicitors office helps alleviate this issue (although with scanned ID and online ID checks the worry of loss passport is a thing of the past).
The Cons of using property solicitors near me
- Not on your mortgage lender's panel - local law firms are often smaller with fewer principals which may exclude them from working with certain major high street solicitors.
- Taking time off from work - it isn't always easy to visit your solicitor and having to see them 2 or 3 times during the conveyancing process may add a strain onto your work life, or be unachievable if you live abroad.
- Locally inexperienced - your local solicitor may not specialise in conveyancing and may have more experience in other areas of law.
- Less competition, higher prices - with less competition your local solicitor's legal fees are most likely to cost more, especially if they have to keep premises in premium high-street real estate.
Why choose SAM Conveyancing Solicitors in Loughborough?
Whether you're buying, selling, remortgaging, dealing with a lease, staircasing shared ownership, or paying offyour help to buy loan, you'll need a conveyancing specialist to handle the legal side of things. With SAM you get the benefit of dedicated conveyancing executive who'll guide you through the process, from start to finish, at no extra cost. Available Monday to Saturday to answer all your questions, we'll bridge the gap between you and your solicitor, with regular updates in plain English.
We have hand selected some of the best conveyancing solicitors Loughborough has to offer, which are backed by a no sale no fee guarantee and the Loughborough conveyancing fee we quote is broken down so you can see exactly what your quote includes. What we quote you is the fixed price you will pay for the agreed work. No unpleasant surprises.
You'll also benefit form our state of the art Online Conveyancing Process to track your progress and next steps along the way.
Affordable Housing Schemes
Several affordable housing schemes in Loughborough help make buying a property more achievable. The work is more complex, and we have specialist conveyancing solicitors to handle the following:
- Shared Ownership Solicitors
- Right to Buy Solicitors Loughborough - speak to Charnwood Borough Council to find out if you are eligible
- Discount Market Sale Loughborough - check with Charnwood Borough Council if they are running a DMS scheme
Loughborough conveyancing solicitors
You can rest assured that you're in good hands with our Loughborough Conveyancing Solicitors. They are skilled and experienced with complex property transactions from a simple purchase for a property in Loughborough to a Sale and Purchase of a shared ownership property, executing a Deed of Trust simultaneously.
Are you buying or selling a short lease in Loughborough?
If there are 80 years or less on the Loughborough leasehold, it will be harder to mortgage. Whether you're buying or selling, you should consider extending the lease, which may be done before, during, or in some cases after the transaction.
Our specialist leasehold conveyancing solicitors have vast experience handling the extension of a short lease for the buyer or the seller in Loughborough; speak to a SAM advisor for inclusive, fixed fee, conveyancing quotes for leasehold conveyancing or share of freehold conveyancing today. Property Challenges Solved.
Conveyancing FAQs: Property Lawyers Loughborough
The average conveyancing cost in London can be slightly higher than in the rest of the country. Depending on the property's price and the transaction's complexity, you could pay several hundred to a couple of thousand pounds. Our conveyancing fees in Loughborough are based on the purchase price, and start at £723 INC VAT.
Fill in our easy online form for a fixed quote tailored to your requirements.
Loughborough conveyancing solicitor fees vary between online conveyancing solicitors, high street licensed conveyancers or housing solicitors introduced by your estate agent.
It's unnecessary to have a local property solicitor as the conveyancing process is the same throughout England and Wales. You should prioritise service and efficiency over proximity to Loughborough, when choosing a good conveyancing solicitor for any property transaction.
Many factors can delay conveyancing in Loughborough. A simple property transaction can be completed in less than two months, but the average is closer to 12-16 weeks.
CQS Accreditation
All our panel solicitors are CQS accredited. You can trust the Conveyancing Quality Scheme for the highest standards of conveyancing.
Fixed Fee
Don't bother with an 'estimate' fee. You want to make sure that your total fee is fixed (they can't charge you more later) and it includes all the necessary components. We build your quote based on each of the costs involved in a standard transaction based on the information you give us, with no sneaky extra fees. If you have additional requirements, speak with a helpful team member to ensure everything you need is covered within your quote.
No Sale No Fee
Choose conveyancing solicitors in Loughborough who offer a No Sale No Fee Guarantee, like ours. If your first sale or purchase falls through, the money you've spent with us will go toward your next one. Terms apply.
Reviews
Check out their reviews to be sure they provide a good service and meet their timescales.
Communication
Not knowing what is going on is the most frustrating thing for a client. Many solicitors are too busy doing legal work to answer all their clients call for updates. With SAM Conveyancing, you'll have a dedicated conveyancing executive available Monday to Saturday. They'll keep you in the loop on progress, translate the legal jargon, chase your solicitor when required and email you about milestones.
Value
Get a fully comprehensive quote covering all your needs so you can accurately compare your options to ensure you're paying a good price.
Online conveyancing is just as safe as you protect your data on the internet as you would in any other transaction. Online conveyancing means speedier turnaround times on documents, more convenient meetings and lower running costs for the firm. We pass our savings on to you.
Yes, if you're buying and selling simultaneously, the same conveyancing solicitor can handle both transactions, saving you money, as you'll only have to do the 'new client' admin once.
1. Get a mortgage in principle
Know what you can afford to save wasting time on any false starts.
2. Instruct your conveyancing solicitor before you make your offer
Waiting until your offer is accepted can delay your transaction. As early as possible, inform them of any details, such as gifted deposits. An online service reduces snail mail delays and waiting for physical meetings, which can be conducted by video call.
3. Apply for your mortgage quickly
You can submit your application as soon as your offer is accepted. An independent broker can help speed this along.
4. Order your searches and surveys
Ordering these early can speed up your conveyancing process, especially if local authorities face delays. However, it is usually considered prudent to time this with the rest of your chain if a transaction falls through.
5. Get your building insurance ready
You'll need insurance from the exchange so research & compare insurance quotes, once your solicitor is instructed.
6. Paperwork (When selling)
Ensure you have your paperwork, including energy performance & FENSA certificates.
Leicestershire is located in the East Midlands and Leicester is its traditional administrative centre, even though the City of Leicester itself is a unitary authority and administered separately. The county is bordered by Nottinghamshire, Lincolnshire, Rutland, Northamptonshire, Warwickshire, Staffordshire and Derbyshire.
Other than Leicester, other large towns in the county include Loughborough, Ashby-de-la-Zouch, Coalville, Hinckley, Market Harborough and Melton Mowbray.
Leicestershire has 2 motorways running through it - the M1 and the M69. The county has 3 universities: the University of Leicester, Loughborough University and the De Montfort University.
The county hosts the East Midlands Airport, a hub airport for domestic, EU and international flights, which is located at Castle Donington. Castle Donington is also the location of Donington Park, which has many uses, ranging from motor racing to hosting large music concerts and festivals.
Food associated with the county includes Red Leicester, Long Clawson and Stilton cheeses and pork pies, particularly Melton Mowbray Pork Pies. As a random fact, the original Hansom Cab - i.e. with a mechanical meter - was invented in Hinckley, in the county (by Joseph Hansom) in 1834 and Thomas Cook organised the world's first package tour from Leicester in 1841.
Worth a paragraph on its own, the phrase 'painting the town red' originates from revelry which accompanied some loutish aristocratic hunters celebrating a good day's hunting in 1837 in Melton Mowbray. They daubed red paint on houses, pub signs and a toll bar and apparently, some of the paint still remains on some of the older houses in the High Street.
**Our panel of solicitors are regulated by the Solicitors Regulation Authority and conveyancing work is accredited with the Law Society's Conveyancing Quality Scheme.
***No Sale No Fee applies to any sale or purchase quote except auction and right to buy. Read our No Sale No Fee Policy.
What are the conveyancing costs?
Loughborough Conveyancing Solicitor fees vary between online conveyancing solicitors, high street conveyancers or housing solicitors introduced by your estate agent.
The actual conveyancing costs, outside of the legal work, should be fixed, including:
For buyers: stamp duty, land registration, property searches, ID searches and leasehold charges (if buying a leasehold property).
For sellers: office copies, title plan and management information (if selling a leasehold property).
Make sure to budget for all of the above conveyancing costs and to get a fixed fee conveyancing quote from several firms, to compare value.
Making the right choice of solicitor is key to the whole process:
- Cheap Conveyancing
- Fast Conveyancing
- Best Conveyancing Service
Will your solicitor accept cash to pay your exchange deposit?
Most solicitors will not accept cash as funds for paying for property purchases. This is because it's almost impossible to prove the source of funds. If they do, they will probably put a limit of a few hundred pounds at most and even if you deposit a large sum of cash into a bank account, you'll most likely still have to compile robust evidence of its original provenance.
Solicitors must always carry out robust due diligence on the money which passes through their firms. They face jail terms and unlimited fines either for not adhering to money laundering regulations or for breaking laws on money laundering set down in the Proceeds of Crime Act 2002 (as amended).
None of this means that, for example, you can't use money for conveyancing that was legitimately derived from activities like gambling. It just means that whatever the legitimate source of funds, you'll need to prove the legitimacy using, for example, bank account statements and legal, traceable receipts.