At Ackroyd Legal, we offer expert advice on the process and can handle all your legal work for you. Whatever the property, our Solicitors are experienced in all areas including freehold, leasehold and listed properties and can assist you with your purchase.
Conveyancing can be a complex and sometimes lengthy process, so we are here to keep the process as simple and stress-free as possible. We will carry out investigations into the title of your new property with the Land Registry as well as all the necessary searches on your behalf. We can also connect you with our expert teams across the firm such as consultants who can advise you about Tax and Trusts amongst other areas.
Most UK flats are sold as leaseholds, meaning that the buyer will own the property for a specified number of years, as set out in the lease. The duration of a lease can vary from 99 to 999 years, and the property can still be bought and sold during this time.
The freeholder is the person or company that owns the property. The leaseholder is the person purchasing the lease. They are responsible for paying yearly ground rent to the freeholder and for any property maintenance or repairs that are required.
Most houses in the UK are ‘freehold’ properties. This means that the owner, or freeholder, can do whatever they wish, subject to planning regulations. There are however a few exceptions, including:
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