According to the Land Registry, £2bn of new build leasehold houses were sold in England and Wales in the last year alone. In the same more…
How much will buying + selling a house cost?
Can I remove someone from the title of my property?
Do I need to make a Will when I buy a house?
Where is your conveyancing team based?
What is the difference between leasehold and freehold?
If I buy a leasehold flat, what do I actually own?
How do I get a leasehold extension?
What is ground rent?
What service charges will I pay on a leasehold property?
How is leasehold property insured?
This depends on several factors, such as whether you’re buying, selling or completing both transactions simultaneously.
Contact our residential property lawyers to discuss your requirements. We’ll provide an estimate which breaks down all fees and disbursements, so you’ll know exactly how much your conveyancing costs will be from the start.
Alternatively you can request a conveyancing quote online.
Adding someone to the title of your property is relatively straightforward. However to remove someone where a separation or divorce is involved is more complex.
You’ll need to appoint a conveyancing solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one of our specialist property lawyers.
Yes, writing a Will is the only way to ensure that your property is passed on as you intend after your death. If you already have a Will and buying a property has changed your financial position, we also offer a Will review service.
To discuss any aspect of Will writing, contact our specialist Will and probate solicitors in Bristol.
Our conveyancing solicitors are in all our offices – Bedminster, Clifton, Horfield, Kingswood, Queen Square and Thornbury.
Leasehold means that you own the property, but the land on which the property is built is owned by the freeholder. This means that you only have the right to own the property for as long as the lease is valid.
Freehold differs in that the property owner also owns the land on which the property stands. The property owner can be an individual, a management company or a commercially run company.
As a leasehold flat owner, you own everything within its walls, including the floor and plaster work. You do not own the external or structural walls. These, plus the common areas and the land your property stands on, are owned by the landlord.
Our simple guide to buying leasehold outlines some of point you’ll need to consider when buying a leasehold property.
You can extend your lease using the Leasehold Reform, Housing and Urban Development Act 1993 or by private negotiation with your landlord.
Leasehold extension negotiations can be complex, so speak to our specialist property solicitors about your options. We act on behalf of leasehold property owners and landlords.
Leasehold property is a tenancy; therefore it’s subject to the payment of rent (the ‘Ground Rent’). This is a specific requirement of the lease and must be paid on the due date.
Service charges are payments made by the leaseholder to the landlord for services provided, including maintenance and repairs to the property, and building insurance.
Charges normally include a management charge, payable to the landlord or a management agent. They will vary yearly and can be increased without any limit other than that they are ‘reasonable’.
You can find out more about buying a leasehold property in our simple guide to buying leasehold.
If you’re considering buying a leasehold property, it’s important to find out the current and future service charges and whether any major work is planned that may affect it.
Your lease will normally specify that the landlord is responsible for adequately insuring the building. However the landlord may also have the right to recover premiums through service charges.
If you can’t locate the answer to your specific question, please call our team of conveyancing experts on 0117 325 2929 or complete our online enquiry form.