buying, selling property UK

Guide to buying and selling property in United Kingdom

Frequently Asked Question - Should I check the lease before buying a leasehold property?

It is in the interest of the consumer to get hold of a copy of the lease and inspect it carefully before making an assessment before buying a leasehold property. The lease describes all the rights and obligations of the landlord and the leaseholder. Regrettably, in lot of occasions, leaseholders are geared up to buy a flat without even having a look at the lease. A lot of estate agents allege that it's not easy for them to attain copies of leases for every would-be buyer and many sellers don't hold the original lease themselves, because they tell their solicitor to keep it, or their mortgagee has it.

If the owner of a property says that he or she doesn't have a copy of the lease or is slow in providing it, you should write to the Official Copy Deeds Section of the relevant HM Land Registry office explaining why the lease is required and enclosing the relevant Land Registry form and payment. It typically costs less than £10 to get a copy.

© 2007-2008 Web Site Factory  All rights reserved.
Cont@ct us