As someone unfamiliar with the Castle Donington conveyancing process what is your top tip you can impart for the legal transfer of property in Castle Donington

You may not hear this from too many lawyers but conveyancing in Castle Donington and elsewhere in England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is plenty of opportunity for confrontation between you and others involved in the transaction. For example, the seller, selling agent and even potentially your mortgage company. Selecting a solicitor for your conveyancing in Castle Donington is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose responsibility is to protect your best interests and to keep you safe.

We are witnessing a worrying emergence in the "blame" culture- someone has to be blamed for the process taking so long. You your first instinct should be to trust your conveyancer ahead of all other parties in the home moving process.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Castle Donington. Conveyancing is daunting 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 conveyancing.

Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Castle Donington

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are architect prepared. 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 the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Castle Donington I like with a park and transport links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Castle Donington for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

I'm refinancing my existing house to a BTL loan with Bank of Ireland and intend to use the remaining equity as a down payment on further property. The location we are interested in is Castle Donington. Will your solicitors be able to act for both sets of lenders and tie in the transactions?

Do use our search tool on this site to ensure that the lawyers are approved by both banks. On the basis that they are your lawyer will be able to connect the two transactions but you should have a chat with you lawyer and specify your expectations and needs.

Having had my offer accepted I require leasehold conveyancing in Castle Donington. Before I set the wheels in motion I would like to find out the remaining lease term.

If the lease is registered - and almost all are in Castle Donington - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Castle Donington Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

Does the lease contain onerous restrictions? Are there any major works on the horizon that will likely add a premium to the maintenance fees? Is the freehold reversion owned collectively by the leaseholders?