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50 yrs lease remaining?
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thanks to da_rule , hopefully this matter can now be resolved
my colleague is really grateful for your assistance and all the other fellow forummers who have given their time to this postNice to save.0 -
There can be many reasons why a property is both freehold and still subject to a lease. The most common is simply that when the same person(s) bought both, either together or at different times, nobody applied to merge the lease back into the freehold.
The mortgage was registered against both FH and LH so lender fully aware. And solicitor was not wrong in saying it was a freehold purchase and perhaps simply felt trying to explain the FH/LH mix was unnecessary as a result.
So if the friend is the named registered proprietor on both the stress may have been unfounded
The only concern I have is that the OP said 50 years left on the lease which appears to be contrary to what da_rule is quoting?“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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