I have Fifty Six years remaining on my lease and need a lease extension for my apartment 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 during 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 purchasing my first flat in Castle Donington with the aid of help to buy. The builders refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not to tell my lawyer about this side-deal as it could jeopardize my loan with the lender. Should I keep quiet?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Castle Donington in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Castle Donington. Conveyancing may be slightly more expensive based on your lender's requirements.
My father has recommend that I instruct his conveyancing solicitors in Castle Donington. Should I use them?
No doubt the ideal way to select a conveyancing lawyer is to get feedback from friends or relatives who have actually previously instructed the firm that you are are thinking of instructing.
I am a negotiator for a busy estate agent office in Castle Donington where we have experienced a number of flat sales derailed due to short leases. I have received inconsistent advice from local Castle Donington conveyancing firms. Can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as 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. This means that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is 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.
Leasehold Conveyancing in Castle Donington - Examples of Queries Prior to buying
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Make sure you discover if there are any onerous prohibitions in the lease. For instance it is reasonably common in Castle Donington leases that pets are not allowed in certain buildings in Castle Donington. If you love the propertyin Castle Donington yet your dog can’t live with you then you have a very hard choice. How much is the service charge and ground rent on the property?