Online free quote
enquiries@fosters-solicitors.co.uk
01603 620508
At Fosters Solicitors, we have a dedicated team of professional and approachable property specialists who offer friendly and expert advice. We have extensive experience in helping our clients purchase or sell their leasehold properties and navigate the specific, and sometimes complex issues surrounding these type of transactions.
Fosters Solicitors can also provide specialist support and advice for all your lease extension enquiries. Whatever your situation we can help you understand your lease terms and help you consider your options with your landlord. This might include negotiating terms, extending your lease, or looking to purchase the freehold at a future time.
We can help support you in selling your leasehold property. As part of this process it will be necessary for us to ascertain details of any outstanding financial liabilities so that these can be settled on or before completion of your sale. This information will be obtained from you, the landlord or their managing agents, who will make a charge for information/copy documents and accounts provided. However, we shall ask you to provide as much information as possible to pass on to the buyer and help the conveyancing process run as smoothly as possible.
At Fosters Solicitors, we have a dedicated team of professional and approachable property specialists who offer friendly and expert advice. We have extensive experience in helping our clients sell their leasehold property, and want to match your commitment to the process by providing quality and efficient service.
In most cases we are able to offer a competitive fixed fee for selling your property, so you can instruct us even before you have found a buyer. We will start the legal information and document gathering for you straight away so that the contracts are ready from the moment you accept an offer.
When buying a leasehold property, you are only securing the leasehold interest and the right to live in that property for a set number of years, you will not own the property outright. By purchasing a leasehold you are agreeing to the terms of the lease granted by the person or company who owns the building or land the property sits on, usually known as the freeholder, landlord or the lessor.
We help clients understand the terms and length of the relevant lease and importantly any additional cost considerations which are commonly associated with these types of property, such as service charges and ground rent payable to the freehold owner.
It is important to be fully aware of the lease length before purchasing – as this can have implications for a mortgage being issued and for the future value of the property. Most lenders now insist that the term left on the lease must be a minimum period of 30 years over and above the term of the mortgage. Therefore, if, for example, you are having a 25 year mortgage, the lender would require the remaining term of the lease to be at least 55 years. Each mortgage lender’s requirements are different and should be considered when the term of the lease is known.
Whatever your situation we can help you understand your lease terms and help you consider your options with your landlord and lender. This might include negotiating terms, extending your lease, or looking to purchase the freehold at a future time.
Nearly all leaseholds are sold under long leases. However, there are examples of freehold flats or apartments, which can have more complex legal issues associated with them. Our property experts can provide advice in these circumstances too.
A leasehold property is a diminishing asset with additional liabilities and considerations for anyone looking to buy a leasehold interest in land.
Fosters Solicitors are here to provide specialist support and advice for all your lease extension enquiries.
Our lease extension experts are vastly experienced in helping our clients through the entire process, guiding them through the options available, the approval and drafting of their lease extension, and helping them ultimately secure the long-term value of their property.
Our leasehold property specialists are knowledgeable, friendly and experienced in providing the necessary legal support surrounding these type of properties.
Contact us to for a free, no obligation chat to see how we can help you with your particular property matter. Please call 01603 620508, or follow the link below for a free quotation.
We were delighted to have been a finalist at the 2024 British Conveyancing Awards.
The Law Society awards accreditations to legal practices and solicitors who meet the highest standards of technical expertise and client service in specific areas of law. We are members of their Conveyancing Quality Scheme (CQS), which is the recognised quality mark for legal experts in buying or selling property, and is trusted by some of the UK’s biggest lenders.
Our leasehold property specialists are members of the Association of Leasehold Enfranchisement Practitioners.
Membership of ALEP acts as a badge of assurance so that leaseholders and freeholders can be confident that they are employing professionals with the right level of expertise in handling potentially complex transactions.
Our Residential Property team comprises seasoned experts dedicated to providing top-tier legal services tailored to your homeownership needs. With extensive experience in handling a wide range of residential property transactions, our team is equipped to support clients in every aspect of property law.
