My fiance’s mother is a property lawyer. I am hopeful that I will receive friends and family pricing for conveyancing, However if that does not come through, what kind of costs should I be expecting for conveyancing in Irchester?

You should compare pricing. Make use of our comparison tool on this page. Whilst prices will vary but the service one can expect differ between property lawyers as is the case with most professions.

We are a couple about to exchange contracts for a leasehold flat in Irchester. We have hit a snag. The loan offer with Accord Mortgages Ltd expires on 27/3/2025 but the sellers are insisting on a completion date of 31/3/2025. Is it possible to extend the loan expiry date?

The best person to deal with your concern is your lawyer who should calculate if they corresponding with the lender, vendor’s representatives, estate agents or conceivably all three taking into account the circumstances your house move to date.

My husband and I are first time buyers - agreed a price, but the selling agent told us that the owners will only proceed if we instruct their chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer who is familiar with conveyancing in Irchester

We suspect that the owner is not behind this requirement. If they desire ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to appoint your preferred Irchester conveyancing lawyers - not the ones that will give the estate agent a introducer fee or achieve conveyancing targets set by senior management.

I am employed by a reputable estate agency in Irchester where we have experienced a number of leasehold sales derailed as a result of short leases. I have been given inconsistent advice from local Irchester conveyancing firms. Can you confirm whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I invested in buying a 1 bedroom flat in Irchester, conveyancing having been completed in 2011. Can you work out an approximate cost of a lease extension? Similar properties in Irchester with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 yearly. The lease runs out on 21st October 2097

With just 72 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.

Been on the hunt for a lawyer for leasehold sale conveyancing in Irchester. I'm selling, uncomplicated no mortgage to pay off, no rush, no onward purchase. Had a quote from a property lawyer for nine hundred pounds excluding VAT which is a little expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Irchester?

Given that it’s a sale only, 475 + VAT would be about the cheapest for sale conveyancing in Irchester.