My fiance’s step-father is a conveyancer. I suspect that I'll be able to get friends and family rates for conveyancing, However if that does not come through, what level of costs should I be paying for conveyancing in Shirebrook?

It’s prudent to request two or three conveyancing estimates. Do use our search tool on this page. The quotes do be different but service levels do are distinct between conveyancers as is the case with most professions.

We note that you have a post code search directory listing solicitors on the Nottingham conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Shirebrook?

We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shirebrook.

I decided to have a survey done on a property in Shirebrook ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to issue a loan on such a house.

It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shirebrook. Conveyancing may be slightly more expensive based on your lender's requirements.

Estate agents have just been given the go-ahead to market my 2 bed flat in Shirebrook. Conveyancing is yet to be initiated, however I have just received a yearly maintenance charge invoice – what should I do?

The sensible thing to do is discharge the maintenance contribution as usual given that all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I invested in buying a 1st floor flat in Shirebrook, conveyancing formalities finalised December 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Shirebrook with an extended lease are worth £195,000. The ground rent is £45 levied per year. The lease expires on 21st October 2088

You have 63 years remaining on your lease we estimate the price of your lease extension to range between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" 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 advice on the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

We own a leasehold flat in Shirebrook. Conveyancing was finished in 2010. I have heard that I mustn’t allow the lease length fall too short. What is the reasoning?

Shirebrook leasehold properties are for a prescribed period - normally 99 years when they are first granted. However a significant flats in Shirebrook were built or converted 25 or more years ago and so these leases now have less than eighty years remaining. This may sound like plenty of time however Banks, Building Societies and other mortgage lenders on the whole need leases to have at least 75 years remaining to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing eighty years. To increase the saleability of your property you should be thinking about whether to extend your lease well in advance of selling the property. Furthermore advantages to doing so before the lease reaches even 80 years as when the lease is below 80 years the amount you have to pay to extend starts to get a lot more expensive.