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08-05-2010, 01:24 PM
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Question about freehold/leasehold
Hi there I've just bought my first house and I'm a bit unsure about the best thing to do regarding the lease? I have bought a 3 bed semi which cost 125k it has 63 years remaining on the lease and the ground rent is £60 per year.Could anyone give me a very rough price what I should be expecting to pay to purchase the freehold? The company who deals with the lease want £130 just to give me a price,I read that it's possible to extend the lease aswell what sort of costs are involved in this?
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22-06-2010, 02:15 PM
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Re: Question about freehold/leasehold
Didn't your solicitor warn you about the lease length when you bought? If not, see another solicitor about suing him for negligence.
I would have told you not to buy unless the seller first arranged an extension. Was it a lot cheaper than similar freehold houses?
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RICHARD WEBSTER www.rwco.co.uk As a conveyancing solicitor I want to be helpful (English/Welsh property only) but can't accept liability for this.
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