The Government has announced proposals to cut ground rents to help homeowners in leasehold properties. Housing Secretary Michael Gove has launched a consultation that will set out options including capping ground rents at a so called “peppercorn” rate for existing leaseholders, freezing ground rents at current levels and capping the ground rents at a percentage
Buying a Property
You have found your house, flat or property and have had your offer accepted. It is now time to get things moving and get the ownership transferred to you.
Talk to one of our friendly and experienced team on 01582 514000
We can guide you through your communication with other people in the process such as:
- Estate agents;
- Other people in the chain;
- Your surveyor; and
- Your mortgage lender.
We will explain to you the legal rights and obligations which you will have and the rights which others might have over the property. A typical example would be a right of way over someone else’s property to access your property or a shared drive.
If the property is leasehold (which includes most flats), we will advise you of your rights and duties with regard to a management company or neighbouring tenants. Not only will we ensure the right legal questions are asked on your behalf, but we will also ask the seller’s solicitors to assist with questions you may have.
If you are obtaining a mortgage, we will advise you of the effects of the conditions in your mortgage offer. We will also ensure that any specific requirements of your mortgage lender are satisfied.