Help please, Freehold House with Leasehold apartment below

tomfrancis19

And does anyone know what sort of fee is charged by solicitors and land registry to extinguish a leasehold?

SDLT_Geek

tomfrancis19 said:

And does anyone know what sort of fee is charged by solicitors and land registry to extinguish a leasehold?

This is the least of your problems!  It is a simple addition to the application for registration if the two interests come into the same ownership at completion.

tomfrancis19

SDLT_Geek said:

tomfrancis19 said:

And does anyone know what sort of fee is charged by solicitors and land registry to extinguish a leasehold?

This is the least of your problems!  It is a simple addition to the application for registration if the two interests come into the same ownership at completion.

What do you mean the least of my problems? Thanks. What is the problems?

eddddy

tomfrancis19 said:

Is it a long confusing process to change a property that is currently a holiday let as a business and has been for 10+ years back into a residential property? Thankyou

Planning consent usually takes up to 8 weeks for a decision. You'd want consent for change of use - along with combining the flat and house into a single dwelling.

I'll be interesting to hear what your mortgage lender says. If they are a mainstream high street lender, I suspect they'd want the following done before they would offer a residential mortgage:
- Planning consent granted for a single dwelling
- Conversion work from 2 units to a single dwelling completed
- Only 1 kitchen in the property
(And the lease extinguished - but your solicitor can do that as part of the purchase process.)

But if it's a 'niche' lender, they might be more flexible.

SDLT_Geek

tomfrancis19 said:

SDLT_Geek said:

tomfrancis19 said:

And does anyone know what sort of fee is charged by solicitors and land registry to extinguish a leasehold?

This is the least of your problems!  It is a simple addition to the application for registration if the two interests come into the same ownership at completion.

What do you mean the least of my problems? Thanks. What is the problems?

The ones discussed!  Mortgage finance, stamp duty land tax and perhaps planning consent for change of use.