Is there a reason why leasehold purchase conveyancing in Irlam costs more?

In short, leasehold conveyancing in Irlam and Greater Manchester usually warrants additional due diligence compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord concerning the service of applicable notices, procuring up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.

My bank has recommended a law firm on their panel based in Irlam but I would rather instruct a conveyancing lawyer in Irlam or nearer to where I live. Are you able to help?

Not all Irlam conveyancing practitioners are listed all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to find a Irlam conveyancing conveyancer on the on the mortgage company panel.

Due to the guidance of my in-laws I had a survey completed on a property in Irlam ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies may not grant a mortgage on such a premises.

It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Irlam. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Irlam to see if the conveyancing costs will increase in light of this.

Hoping to buy a property located in Irlam and I am already nervous. I couldn't find anything specific about Irlam. Conveyancing will be needed in due course but do you know about the Irlam area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Irlam. In the meantime here are some basic statistics that we found

I am on look out for some leasehold conveyancing in Irlam. Before diving in I would like to find out the unexpired term of the lease.

If the lease is registered - and 99.9% are in Irlam - 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 1 bedroom flat in Irlam, conveyancing formalities finalised in 2011. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Irlam with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease ceases on 21st October 2083

With 59 years remaining on your lease the likely cost is going to range between £20,900 and £24,200 as well as legals.

The figure 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 comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.