Buying a leasehold property is different from buying a freehold property. Most flats are leasehold, which means you own the property for a set number of years under a lease. The land and building are usually owned by a freeholder.
A lease will set out your rights and responsibilities. It may also include restrictions on alterations, pets or letting the property. You may also have to pay ground rent and service charges.
At Burrows Solicitors, we will carefully review the lease and explain everything in plain English. We will check important matters such as the length of the lease, ground rent, service charges, planned major works and the management company. We will also raise enquiries with the seller’s solicitors and managing agents to ensure you have the information you need before you exchange contracts.
Our experienced conveyancing team will guide you through every stage of the transaction, keep you updated throughout and make sure you understand exactly what you are buying.