Conveyancing/legal pack advice

london21

$hift36 said:

london21 said:

Likely going to be a fee for the documents to be reviewed.
Worth check online or ringing a few property solicitors.

999 years lease now 906 years remaining.
You might have the option to buy the freehold after purchase.

Worth getting someone with legal background to check the terms and condition also as i recently bought an auction property which was impossible to get a mortgage as it was a back to back flip and the person selling wasn't yet on land registry. 

If the seller name is not on the LR title does that cause issues then?
The seller is the son of the deceased name on the LR title, and included in the legal pack is a probate document naming the son with entitlement through inheritance. 

I have read many times in legal packs that if the name on the title is different from the sellers, the buyer shall not delay completion etc etc. Basically protecting the seller from anyone backing out.
The problem with this is the  back log HMLR has at the moment due to covid lockdowns, so I have come across this alot in recent months. 

The property is definitely freehold, and the lease refers to the whole land the 6 terraced houses have been built on, but need to understand the details of the lease. I have emailed a couple of local solicitors this afternoon and will follow up with a phone call tomorrow morning if I don't hear anything sooner.

Thanks 

Mine was different, wasn't a probate but a back to back flip sale.

Land registry can be expedited. My property was registered in under 10 days due to re-mortgage application. You can request expedite or your solicitor.

martindow

Is it one of these?

https://www.suttonkersh.co.uk/properties/gallery/?section=auction&auctionPeriod=current

AdrianC

Every single leasehold property also has a freehold. Sometimes, that freehold covers more than one lease.

Sometimes, that freehold is included with the leasehold property - so your purchase gets you two things, the leasehold AND the freehold. You can then choose to chase yourself for the ground rent if you so wish. 1 Shilling = 5p, if you're old enough to remember dibnah money.

You could even choose, since you own both halves, to cancel the lease so the property is JUST freehold.