Solicitors for Buying and Selling Freehold Property
Buying or selling freehold property can be a time-consuming and stressful process if you don’t have access to expert help. At The Law House, we have extensive experience in all aspects of residential and commercial conveyancing and are perfectly placed to help you achieve your goals. Our team are on hand to ensure the transaction runs smoothly and you understand exactly what’s happening every step of the way.
Freehold vs leasehold
Buying freehold property means purchasing a building and the land beneath it. In contrast, if you buy a leasehold property, you own the building (excluding the land it sits on) for a fixed period of time (for example, 99 years). The terms of the arrangement are set out in a lease agreement.
Buying a property freehold is often preferable to purchasing a leasehold property because it means you acquire unrestricted ownership. This ensures you don’t have to worry about the lease running out, you won’t have to deal with a freeholder (often referred to as a landlord) and you won’t have to pay ongoing fees such as service charges or ground rent.
How we can help
Purchasing a property can be a major investment and the stakes are high, so you’ll no doubt want to avoid making any potentially costly or damaging mistakes. Our lawyers have an in-depth understanding of all issues relating to residential and commercial property conveyancing and will help you to ensure the transaction runs smoothly from start to finish. Whether you’re looking to buy or sell a freehold property, you can rely on us to enable you to protect your interests and achieve your aims.
We can also assist you if you already own a leasehold property and you want to purchase the freehold. Our solicitors can help you if you wish to make an individual purchase of a freehold or if you’re looking to make a collective purchase (where a number of tenants come together to buy a freehold). Taking this step can help you to avoid a range of problems and it can increase the value of your property.
It’s important to be aware that if you have a leasehold property, when the time left on the lease falls below 80 years, it could lose value and become more difficult to sell. In turn, this could have a significant impact on your future financial plans. As a leasehold tenant, you also face restrictions over a range of issues, including subletting and how you use the property, as well as alterations you can make to it. This means it’s well worth considering purchasing property freeholds.
A tailored service
We know that no two property sales or purchases are the same, which is why we offer highly tailored conveyancing services to each of our clients. When you come to us for help with buying or selling a freehold property, you can rest assured we’ll put your interests first and go above and beyond to achieve the result you’re looking for. We’ll keep you fully updated at each stage and you’ll always deal with the same person throughout the process to ensure continuity.
Don’t worry if you’re too busy to speak to us during regular office hours. We can arrange to meet you to discuss your situation at a time and place that fits in with your schedule, whether this is early in the morning, evening or at the weekend.
For more information, simply contact our friendly and knowledgeable team on 020 3150 2525. You can also complete our online contact form or email us at firstname.lastname@example.org, and we’re available via LinkedIn, Twitter and Facebook.