Compare quotes from conveyancing solicitors servicing Moor monkton

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

Stressful?

The simple answer is yes! Buying or selling property can be extremely stressful, but if you choose an experienced, competent conveyancing solicitor to do your conveyancing then hopefully things will be less stressful!