Leasehold Conveyancing Solicitors
Buying a leasehold property can be complicated and expensive – and specialist help from an experienced and highly qualified conveyancer can make all the difference.
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Buying a leasehold property can be complicated and expensive – and specialist help from an experienced and highly qualified conveyancer can make all the difference.
When you buy the leasehold, you own the property but only lease the land it’s built on for a specific time which means there are a number of potential issues to watch out for including:
The most commonly sold and purchased leasehold properties are flats, often accompanied by a disproportionately large number of problems and delays.
This is where you own a house but the title to it is leasehold, and you wish to buy the freehold. There may also be circumstances when you wish to extend the term (i.e. length of your lease) and you have either agreed terms with the freeholder/landlord or require advice on how to proceed, although this is less common.
"We really appreciated Rebecca's calm, considered and extremely efficient approach to getting the job done."
"Thanks to Theo and Roze for all their hard work - they were the best team and it was so reassuring to have them on my side."
"We have had an excellent service from Richard, and have already recommended him to friends."
If you wish to extend the length of your lease, known as its term, but are not sure what you need to do next then get in contact. We can also advise you if you have already agreed terms with the freeholder or landlord but want to make sure all the legal paper work is watertight.
Where the terms of the lease need to be changed – due to error, change of circumstances or to remedy a defect. Also currently to change the rent review structure when it is no longer acceptable to a buyer or lender.
The Government is under pressure to reform existing leasehold law to make it easier and cheaper to buy the freehold or to extend a lease.
It is looking at a number of different proposals to improve the system – including banning all new leasehold arrangements for new-build houses going forwards but despite growing public pressure, change is not likely to happen quickly.
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