I am about to put an offer on a leasehold flat in Derby. The estate agents tell me that it is normal for flats in Derby to have less than 75 years unexpired on the lease. I am getting a loan with Platform. Is this going to be a problem if the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/4/2025 the requirements read as follows :
We are buying a property in Derby. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to send funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am helping my sister sell her property in Derby. Will the conveyancer commission an energy performance certificate or do I organise this?
After the demise of Home Information Packs, EPC’s was maintained a compulsory part of selling a property. An energy assessment should be commissioned before the property is marketed. It is not something that conveyancers ordinarily organise. Where you are instructing a Derby conveyancing solicitor they may be willing to arrange EPC’s given their relationships with reputable local providers
I just acquired a flat at auction in Derby. Conveyancing is necessary. What are my next steps?
Given that you are now for in every practical sense signed on the dotted line you must instruct a conveyancing solicitor as a matter of urgency as you are facing a pending a fixed date to complete the conveyancing. All auction property will have an associated legal set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold premises the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You must give this to the lawyer working for you ASAP. Do make sure that you have funds in place to complete the transaction on the set completion date.
We are buying a house and the conveyancer has identified Chancel Repair for which the property could be liable as it falls into the area of such a church. He has mentioned insurance. Is this strictly warranted for conveyancing in Derby
Unless a previous acquisition of the house completed post 12 October 2013 you may take it that solicitors handling conveyancing in Derby to remain encouraging a chancel search and or chancel repair liability policy.
I'm remortgaging my current property to a buy to let mortgage with Santander and I will use the ballance of the raised equity as a deposit on another house. The area we are interested in is Derby. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Do use our search tool on this site to ensure that the lawyers are approved by both banks. Assuming that they are your conveyancer will be able to tie up the two conveyancing matters but you should talk with you solicitor and make apparent your expectations and needs.
We are four weeks into a leasehold purchase having been directed to solicitors by the local agent to handle our conveyancing in Derby. I am am starting to be frustrated with the quality of service. Could you help me find new conveyancers?
They would have to be very poor to suggest replacing them. Has the mortgage been sent? If so you need to inform them of the new lawyer and get the loan are re-sent. The conveyancer should be on the mortgage company approved list to avoid added charges and frustration. So that should be your first question of the new conveyancers. Our find a solicitor tool will help you find a bank approved lawyer for your home move in Derby
I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable figure which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Derby. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Derby are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Derby in which case you should be looking for a Derby conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your solicitor will report to you on the legal implications.
I invested in buying a 1 bedroom flat in Derby, conveyancing formalities finalised September 2011. Can you work out an approximate cost of a lease extension? Comparable properties in Derby with over 90 years remaining are worth £185,000. The ground rent is £65 per annum. The lease expires on 21st October 2084
With just 59 years left to run we estimate the premium for your lease extension to be between £20,900 and £24,200 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.