compare cheap conveyancing quotes for hale property

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Your Quote Type: Sale | Purchase | Sale & Purchase | Remortgage | Transfer of Equity

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You're about to get totally quailty conveyancing quotes from conveyancing solicitors servicing the hale area! Thank goodness you came to TotalConveyancing.com .

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What does Leasehold mean?

Leasehold means that somebody else has title to the land and that you will therefore have to pay a ground rent and possibly also a service charge to the freeholder (owner of the freehold title). It is normally possible to buy the freehold title at a later date as a separate purchase transaction.

It therefore follows that the valuation of two identical properties, one being leasehold and the other freehold, would result in a lower value being applied to the leasehold property.

It is important to check the length of time remaining on the lease (Commonly the leases would have been originally issued with a 99 year life span). If not much time is remaining on the lease it may be difficult to obtain a mortgage, unless the freehold can also be purchased subsequently.

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.

 

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hale solicitors Important: Not all of these solicitors provide conveyancing services. We advise that you request instant quotations from our panel using the form at the top of this page. Grovers 152 Ashley Road, Hale, Altrincham, Cheshire, WA15 9SA Motering Law 24 Cleveland Road, Hale, Altrincham, Cheshire, WA15 8AY Haworth Holt Bell 220 Ashley Road, Hale, Altrincham, Cheshire, WA15 9SR John C Drinkwater 190a Ashley Road, Hale, Altrincham, Cheshire, WA15 9SF