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Freehold purchase
Comments
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Thanks again for all the input, it's much appreciated.
Just to clarify, I am in the fortunate position of owning the property outright so no lender is involved at all. My only concern really, is that by using E&M legal team for both sides of the transaction is that at the end of it all, I will own the freehold 100%. I know it sounds very cynical but never having bought a freehold before, I just need to be aware (as in my original post) of any pitfalls which I don't know about before going ahead.0 -
If you have any doubts use your own solicitor. In straightforward terms, I would be certain that I was getting the freehold, but I would be more concerned about issues they were not telling me about. If your property was to be demolished for a national transport project, then it would make sense for them to try to get £560 off you now rather than get compo from the government for loss of £5/year - which might be £150 for example. Your lawyer might advise searches. On the other hand you might be OK with the risk.You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0
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