Recently been in touch with my conveyancing lawyer in Derby who conducted the legals 18 months ago asking for a conveyancing estimate based on an identical type of house sale & purchase (a leasehold premises and a freehold premises) of similar values with a mortgage from Lloyds TSB Bank. I am now being quoted twice the amount. Should I hunt for an alternative conveyancer?
The estimate does seem a little on the high side. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, providing that you were happy with the conveyancing the firm provided you mightcome to rue choosing an an untested conveyancer. Remember to enquire the firm can also act for Lloyds TSB Bank. Do employ our search tool to choose a Derby conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Derby.
My husband and I changing mortgage lender for our apartment in Derby with Aldermore. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this document specific to the Aldermore conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Aldermore. This is solely used to protect Aldermore if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Aldermore had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
About to place an offer on a leasehold flat in Derby. The property agents tell me that it is usual for flats in Derby to have less than 75 years left on the lease. I am getting a loan with Chelsea 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 securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/5/2025 the requirements read as follows :
I am selling my property. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Derby if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Derby. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My partner and I may need to let out our Derby ground floor flat for a while due to a career opportunity. We used a Derby conveyancing firm in 2003 but they have closed and we did not think at the time get any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your last Derby conveyancing solicitor is not available you can review your lease to see if it allows you to sublet the apartment. The accepted inference is that if the lease is non-specific, subletting is permitted. Quite often there is a prerequisite that you must seek permission from your landlord or other appropriate person prior to subletting. This means that you cannot sublet in the absence of prior permission. The consent must not not be unreasonably withheld. If your lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.
Leasehold Conveyancing in Derby - Sample of Queries before Purchasing
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Who are the managing agents? Its a good idea to find out as much as possible concerning the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the common parts. Enquire of other tenants whether they are happy with their management. On a final note, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically what it includes. This question is useful as a) areas can result in problems in the block as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the tenants have an issue with the managing agents you will wish to have all the details
We recently found out that one of the partners of the firm acting on the purchase conveyancing in Derby is an aunty of the owners that we are purchasing from. Is this permitted?
On the basis that there is no conflict of interest this is permitted. If you are requiring a mortgage then the bank may have a say as many lenders have specific instructions concerning this. For example for Virgin as of 13/5/2025, the requirements read as follows :