IfI were to purchase a straightforward housein Hadfield mortgage fee and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Hadfield?

The only reduction in fees you would make on is the costs for searches. The solicitor is obliged to do the vast majority of work - money laundering, correspond with your sellers property lawyer, SDLT return, register the title etc. A marginal saving might be made by not having to register a charge but it will not be meaningful.

I purchased a freehold house in Hadfield but nevertheless pay rent, why is this and what is this?

It’s unusual for properties in Hadfield and has limited impact for conveyancing in Hadfield but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Hadfield. My lender is The Mortgage Works

The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 4/12/2025, the requirements read as follows :

Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Hadfield I like with amenity areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Hadfield for this price, so just wondered if I would be making a mistake buying a short lease?

Should you need a mortgage that many years may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they 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 consult your conveyancing solicitor about this.

I am a negotiator for a long established estate agency in Hadfield where we have witnessed a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Hadfield conveyancing solicitors. Could you shed some light as to whether the seller of a flat can instigate the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start 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 prior to, or at the same time as completion of the sale.

Alternatively, it may be possible 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 buyer.

I am the registered owner of a 2 bed flat in Hadfield, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Hadfield with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease runs out on 21st October 2085

You have 60 years left to run the likely cost is going to range between £20,000 and £23,000 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.