Just contacted my conveyancing solicitor in Loughborough who acted for me two years ago asking for a conveyancing quote based on the same type of home move (a leasehold premises and a freehold property) of almost identical values with a loan from TSB. It looks as though am now being charged twice the amount. Stick with what I know or should I try and find an alternative property lawyer?
The costs illustration is fractionally on the steep side. Where you are prepared to invest time contrasting charges you might reduce the fees marginally by as much as £100 plus VAT. On the other hand, assuming were happy with the assistance the firm offered you mightlive to rue opting for an a cheaper lawyer. Remember to be sure that the firm can represent TSB. You can use our search tool to get a quote a Loughborough conveyancing firm on the TSB member panel, which can often include conveyancing solicitors in Loughborough.
My husband and I are getting closer to an exchange on a house in Loughborough and my parents have sent the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is obliged to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I have 70 years unexpired on my lease and require a lease extension for my apartment in Loughborough. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 26/4/2026 the requirements read as follows :
Just had an offer accepted on a new build flat in Loughborough. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Loughborough
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
I am looking for a leasehold apartment up to £235,500 and found one near me in Loughborough I like with a park and station in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Loughborough suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Back In 2006, I bought a leasehold flat in Loughborough. Conveyancing and Accord Mortgages Ltd mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Loughborough who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. You do not need to instruct a Loughborough conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a garden flat in Loughborough, conveyancing was carried out in 2003. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Loughborough with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2101
With just 75 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.