compare cheap conveyancing quotes for alvaston property
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Conveyancing Quotation - For the sale of your property
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What does Commonhold mean?
Commonhold is the term given to the circumstance where you can buy the freehold and own common parts of the building jointly with other persons. This mostly applies to flat occupation/ownership.
No ground rent or service charge would be payable payable but it’s likely that you would have to contribute towards general maintenance and insurance for the common parts of the building. (Stairwell lighting, lift maintenance, gardening etc).
How Long?
How long does the conveyancing process take?
The average sale or purchase should take 4 to 6 weeks, but this can vary depending on a number of other factors.
The conveyance of leasehold property can takes longer than a freehold property because it's necessary to obtain additional information from the managing agent or owners of the property - especially if they're not UK resident.
To be on the safe side - allow up to 12 weeks for the process to complete, longer if complicated chains are involved.