Compare quotes from conveyancing solicitors servicing Hammersmith

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

What are disbursements?

Disbursements are the charges relating to your property sale and / or purchase that you will have to pay in addition to your legal fees. Disbursements should be similar regardless of which solicitor you choose to use. Some may charge for extras like filling in forms or photocopying. Disbursements usually include things like Telegraphic Transfer Fees, Land Registry Fees and Bankruptcy Check Fees.