Day: September 12, 2013

What does owning a share of freehold entail? These are some of the problems which are regularly encountered by share of freehold owner: Owning a share of freehold property is often cheaper than owning a leasehold property. It is unusual to have to pay ground rent and lease extensions are often cheaper. Many share of… Continue reading What does owning a share of freehold entail?

Ways in which you can acquire  a share in freehold: Buying a ‘share of freehold’ property, or buying the freehold of a leasehold flat you already own, is not a decision to be taken lightly. You can: (1). Ask the landlord to sell you the freehold at any time:  If you live in a leasehold… Continue reading Ways in which you can acquire a share in freehold.

Conveyancing for a Share of Freehold Property Conveyancing for a Share of Freehold property is very similar to a conveyance on a leasehold property and you can expect to incur comparable fees and experience the same type of complications. The main ones to be aware of are the delays which can be caused by the… Continue reading Conveyancing for a Share of Freehold Property

Buying a share of freehold property Clients and particularly first time buyers often get confused when they are interested in buying a property which is a share of freehold property, especially as this may be specifically marketed heavily (the freehold aspect) by estate agents. The concept is actually quite simple and where a share of… Continue reading Buying a Leasehold Property with a Share of the Freehold

What are Property Options? Property options are a way to control development sites with potential. In a flat property market, some developers are using property options to give them the right to purchase a property they believe offers opportunities for development. It is controlling and profiting from property without ever being the owner and it is… Continue reading Property Options

What is Flying Freehold? Basically, a flying freehold property is a property that covers part of an area which is part of another freehold property. A flying freehold occurs when part of a freehold property overhangs part of a different freehold property or land and it is usually formed when a property is split into… Continue reading Flying Freehold

A Conveyancing Search is the inquiry submitted to various authorities which provide you with more information about the property you plan to purchase. The authorities include Local Councils, the Environmental Agency, and Coal & Water Authorities. Searches provide crucial information which is essential in a Conveyancing transaction. The particular searches you require will depend on… Continue reading Conveyancing Searches Explained