Leasehold not Freehold

Pink8915

I am a newbie and never posted before, but would be grateful if anyone is able to advise me.

We made an offer on a property about 5 weeks ago, this was accepted, and the usual searches, mortgage applications etc took place.

When the land registry search came back, there was mention of a leasehold in 1995. prior to this all documentation had stated the property was freehold.
The lease has 73 years left, and I am not at all interested in buying a leashold property.

I have now spent around £1500 on searches, solicitors fees and mortgage fees for a property which I would not have entertained making an offer on had I been aware that it was in fact leasehold.

Is there any way I can seek to recoup any of these costs from either the vendors, or their solicitors?

Any advice would be welcome.

Pink8915 

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davidmcn

Who owns the freehold though? If it's the vendor then you're getting a freehold property, even though there's still a lease on the register. Have you discussed with your solicitor?

AdrianC

Pink8915 said:

Is there any way I can seek to recoup any of these costs from either the vendors, or their solicitors?

Simple answer? No.

The vendor misled their EA, deliberately or not. It's not as if there's anything to gain for anybody by doing so.
Your solicitor did their job properly.

If you want to avoid it in the future, you can check yourself on the LR website.