Compare quotes from conveyancing solicitors servicing Donaghadee

AgentQuote.co.uk helps you compare Donaghadee conveyancing quotes from property solicitors servicing the Donaghadee area. We hope you find the service helpful. We search for quotes from Donaghadee solicitors and conveyancers servicing the Donaghadee area.

What does Leasehold mean?

Leasehold means that somebody else has title to the land and that you will therefore have to pay a ground rent and possibly also a service charge to the freeholder (owner of the freehold title). It is normally possible to buy the freehold title at a later date as a separate purchase transaction.

It therefore follows that the valuation of two identical properties, one being leasehold and the other freehold, would result in a lower value being applied to the leasehold property.

It is important to check the length of time remaining on the lease (Commonly the leases would have been originally issued with a 99 year life span). If not much time is remaining on the lease it may be difficult to obtain a mortgage, unless the freehold can also be purchased subsequently.

Solicitor or Licenced Conveyancer?

Solicitors are regulated by the Law Society. They commonly practice many areas of law, in addition to conveyancing.

Licensed Conveyancers are regulated by the Council for Licensed Conveyancers and specialise only in conveyancing. Some Licensed Conveyancers are in fact Solicitors who have Licensed Conveyancer status.

The processes and consumer protection standards are the same for either type of representation.