Purchasing a freehold

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Discussion

nascarrules

Original Poster:

597 posts

183 months

Thursday 28th July 2016
quotequote all
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

MDMetal

2,775 posts

148 months

Thursday 28th July 2016
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Surely a solicitor!

Billsnemesis

817 posts

237 months

Thursday 28th July 2016
quotequote all
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 - No

A 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.