Find a Lender-Approved Local Conveyancer in Castle Donington

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Choosing the right solicitor is the most important decision when it comes to your Castle Donington house move

Logical reasons to let us assist you choose a local conveyancing solicitor in Castle Donington

  • 1 Regardless alternative companies tell you it may be important to visit your solicitor to execute legal papers. There are enough parties with an interest in a conveyancing transaction without having to add Royal Mail into the pot.
  • 2 Castle Donington solicitors have a significant edge when it comes to Castle Donington conveyancing as they have valuable local knowledge of local authority requirements, planning policies and other matters that will affect your home move
  • 3 Castle Donington property lawyers are likely to acquainted with the local Land Registry Office, Local Authority and estate agents
  • 4 The Castle Donington conveyancing firms that are listed are dedicated to supplying the most cost, efficient and accessible conveyancing service to borrowers, sellers and investors in Castle Donington
  • 5 Lawyer conveyancing lawyers have extremely good personal links with Castle Donington estate agents and work very closely with them and local surveyors so as to ensure transactions proceed expeditiously.

Examples of recent conveyancing in Castle Donington since April 2021*

Recently asked questions about conveyancing in Castle Donington

What does my ID and proof of funds have anything to do with my conveyancing in Castle Donington? What am I being asked for?

It is indeed that case that these requests have nothing to do with conveyancing in Castle Donington. However these days you can not proceed with any conveyancing transaction if you have not providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as proof of ID it needs to be both the paper part as well as the photo card part, one is not sufficient without the other.

Verification of the origin of monies is necessary under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor must retain this information on file. Your Castle Donington conveyancing lawyer will require evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask additional questions concerning the origin of funds.

About to place a bid on a leasehold property in Castle Donington. The selling agents advise that it is normal for flats in Castle Donington to have less than 75 years unexpired on the lease. I am taking out a loan with Nationwide Building Society. Will the property be mortgageable given that the lease has 72 years unexpired.

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. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/7/2021 the requirements read as follows :

- Our minimum unexpired lease term is 55 years.
- There must be at least 30 years remaining at the end of the mortgage term (regardless of the length of lease at the start).

Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Issuing Office (Will be declined):
- Unexpired lease term less than 55 years
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period is less than or equal to 5 years

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 55 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial, etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than 85 years
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Issuing Office (Will be declined)
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house (does not apply to Shared Ownership)
- Starting Ground Rent greater than 0.1% of the property value
- Ground Rent review period less than or equal to every 5 years
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- Starting Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than 5 years
- Ground Rent escalation less than or equal to RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years.

The deeds to our property can not be found. The lawyers who conducted the conveyancing in Castle Donington 5 years ago have long since closed. Will I be able to sell the house?

Gone are the days when you need to have the physical official documentation to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.

How does conveyancing in Castle Donington differ for new build properties?

Most buyers of new build property in Castle Donington come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Castle Donington tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Castle Donington or who has acted in the same development.

My father-in-law has suggested that I use his lawyers for conveyancing in Castle Donington. Should I find my own conveyancer?

Much as we are happy to recommend a Castle Donington conveyancing lawyer it’s preferable to find a conveyancing solicitor is to get recommendations from friends or family who have used the firm you're considering.

I am on look out for some leasehold conveyancing in Castle Donington. Before I get started I would like to find out the remaining lease term.

Assuming the lease is recorded at the land registry - and 99.9% are in Castle Donington - then the leasehold title will always include the basic details 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.

I am the registered owner of a ground floor flat in Castle Donington, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Castle Donington with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease finishes on 21st October 2101

With only 80 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

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Sample of conveyancing solicitors in Castle Donington regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Castle Donington but also conveyancing throughout England and Wales.

  • Fiona Polley Limited, 55-57 High Street, Chellaston, Derby, Derbyshire, DE73 6TB
  • Hawley & Rodgers Incorporating Thomas Solicitors, 42-44 Market Place, Long Eaton, Nottingham, NG10 1LT
  • Starkie & Gregory Incorporating Cruickshanks, 25 Derby Road, Long Eaton, Nottingham, Nottinghamshire, NG10 1NA
  • B W Kirk Limited, C/o Sgc Solicitors, 25 Derby Road, Long Eaton, Nottingham, Nottinghamshire, NG10 1NA
  • R J Cliff Limited, C/o Sgc Solicitors, 25 Derby Road, Long Eaton, Nottingham, Nottinghamshire, NG10 1NA

Residential Landlord and Tenant Conveyancing solicitors in Castle Donington

The firms listed below are a small selection of solicitors in Castle Donington with expertise in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on Court proceedings for possession

  • Sheehy-smith, 5 Raynesway, Alvaston, Derby, Derbyshire, DE24 0DW
  • Alexander & Co. Solicitors Llp, 2 Chapel Street, Spondon, Derby, Derbyshire, DE21 7JP

Residential in Castle Donington is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process.

  • Lawyer instructed by the vendor on acceptance of the offer
  • Investigating the title to the property
  • Drawing up the contract and associated documents
  • Sending draft papers to the property lawyer acting for the buyer
  • Finalising the wording for contracts and replying to additional queries from the buyer’s property lawyer
  • Finalising the transfer document
  • Answering requisitions raised by the buyer’s property lawyer
  • Proceeding to exchange of contracts and then completion of the sale
  • Accepting the sale proceeds and sending funds to the owner, the estate agent and repaying the home loan (if appropriate)

Neighboring Locations

Aston on Trent
Borrowash
Alvaston
Long Eaton
Breaston
Castle Donington
Kegworth
Hathern
Shepshed

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.