We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards