Purchasing a freehold
Discussion
I'm just after some advice about purchasing my freehold as I'm unsure how to proceed.
A little bit of background information, my house is leasehold on a private estate and I currently pay £30 per year with approximately 72 years left remaining on my lease. I currently pay the money each year to a leasehold management company who then pass that money onto the freeholder. I enquired about purchasing the freehold through the leasehold management company and with a bit of negotiation we have now agreed a price that I'm relatively happy to pay.
Is it as simple as sending a cheque off to the leasehold management company, who then send me the transfer documents and relevant land registry forms which I need to complete and send off to the land registry office. Or should I involve a solicitor or surveyor to help with this? Or is there anyone on PH who deals with this sort of thing who could be recommended.
Thanks
A little bit of background information, my house is leasehold on a private estate and I currently pay £30 per year with approximately 72 years left remaining on my lease. I currently pay the money each year to a leasehold management company who then pass that money onto the freeholder. I enquired about purchasing the freehold through the leasehold management company and with a bit of negotiation we have now agreed a price that I'm relatively happy to pay.
Is it as simple as sending a cheque off to the leasehold management company, who then send me the transfer documents and relevant land registry forms which I need to complete and send off to the land registry office. Or should I involve a solicitor or surveyor to help with this? Or is there anyone on PH who deals with this sort of thing who could be recommended.
Thanks
nascarrules said:
Is it as simple as sending a cheque off to the leasehold management company, who then send me the transfer documents and relevant land registry forms which I need to complete and send off to the land registry office
Simple answer - NoA surveyor who deals with enfranchisement can advise on value and you may find that you are paying over the odds. There is a complex calculation for this and it does require experience.
Land Registry rules these days require identification evidence to avoid fraud so anyone not represented by a solicitor has to meet ID requirements and that can mean turning up to the Land Registry in person.
It really is better to get a solicitor involved and if you search for "enfranchisement" you should be able to find someone able to deal with it.
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