I have just over seventy years left on my lease and need a lease extension for my flat in Castle Donington. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 7/2/2026 the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in Castle Donington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Castle Donington. 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'm buying my first flat in Castle Donington benefiting from help to buy. The sellers refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not inform my lawyer about this side-deal as it will put at risk my loan with Santander. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 decided to have a survey done on a property in Castle Donington before instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks may refuse to issue a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Castle Donington. Conveyancing will be smoother if you use a solicitor in Castle Donington especially if they are familiar with such properties in Castle Donington.
My father has urged me to instruct his conveyancers in Castle Donington. Do I take his guidance?
No doubt the ideal way to select a conveyancing practitioner is to have guidance from friends or family who have previously instructed the solicitor that you are contemplating using.
I am a negotiator for a reputable estate agency in Castle Donington where we see a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given inconsistent advice from local Castle Donington conveyancing solicitors. Can you clarify whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Castle Donington Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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Are there any major works in the planning that will likely add a premium to the maintenance fees? You should be aware that where the lease has fewer than eighty years it will have adverse implications on the value of the property. It is worth checking with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will probably need a lease extension at some point and it is worth finding out how much this would cost. For most Castle Doningtonlease extensions you will need to own the residence for 24 months in order to be entitled to extend the lease. What prohibitions are contained in the Castle Donington Lease?