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Buying leasehold/upgrading lease
Alanmelon
Posts: 11 Forumite
Hi,
I wonder if anyone can advise on the following. I purchased my Victorian terrace as a leasehold property 8 years ago. It was built in the late 1800s and has a very long lease (999 years I gather).
I'm now thinking about acquiring the freehold but believe that a small complication lies in the nature of the leasehold in that it's a defective "Good Leasehold Title". The land registry advice suggests that it should be possible and is a good idea to have this title upgraded.
My question is; do I need to sort out the title upgrade first, or is that irrelevant if I wish to purchase the freehold anyway?
Thanks
I wonder if anyone can advise on the following. I purchased my Victorian terrace as a leasehold property 8 years ago. It was built in the late 1800s and has a very long lease (999 years I gather).
I'm now thinking about acquiring the freehold but believe that a small complication lies in the nature of the leasehold in that it's a defective "Good Leasehold Title". The land registry advice suggests that it should be possible and is a good idea to have this title upgraded.
My question is; do I need to sort out the title upgrade first, or is that irrelevant if I wish to purchase the freehold anyway?
Thanks
0
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