Leasehold

A leasehold process involves several additional legal and valuation complexities, at DV Solicitors, we thoroughly assess and explain all considerations that put you firmly in the decision-making seat.

Whether you are a tenant or landlord, our team of leasehold specialists has the expertise and knowledge to help you fulfil your wishes as much as we possibly can.

Lease from the freeholder

All homes are owned on either a freehold meaning you own the property or leasehold basis, meaning you have a lease from the freeholder to use the property for an agreed number of years. DV Solicitors will help you with all the normal legal work involved in buying a property and thoroughly look at the lease and its terms. Dreading to deal with the landlord, vendor’s solicitor and/or management company? Leave it all to us, we got you covered!

How can you buy a property with shared ownership?

To qualify, you must have a yearly household income of £80,000 (or £90,000 a year or less in London) and any of the following apply:

Must own a home, but cannot afford to buy one now
Must be a first-time buyer
Must rent a council or housing association property
Must be an existing shared owner

Why choose Deo Volente Solicitors LLP?

As your solicitor, we need to check on the length of the remaining lease and make a number of enquiries about your lease to the landlord, such as:

The charges you will be liable for as the leaseholder include the service charge and ground rent. Service charges are usually based on an estimate of what the landlord thinks will be spent over the year, whilst ground rent is regular payments agreed on the lease made by a holder of a leasehold property to the freeholder or a superior leaseholder. We will also check when the payment is due and how much it will be.
Planned major works such as any renovations or repairs planned for the property that could affect the value of your home, or your enjoyment of it, or the service charge.
We will check if your lease has a sinking fund, its balance, and if it can cover any planned work. A sinking fund is a fund to deal with any building work on the property.
We will check exactly what the boundaries and limitations of your leasehold property are such as the area it covers (for example if you are buying a top floor flat would it also include rights over the loft space), and if you are allowed to make any renovations to the property without permission.

How much will it cost me?

Our Conveyance Solicitors offer will provide you with a free initial consultation. Leave everything to us as we handle everything hassle-free for you.
Our fees cover all of the work necessary to complete the purchase of your leasehold property, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you are interested to buy is in Wales.

Please note all prices below are exclusive of VAT. The fees listed are our average fee ranges for a purchase transaction. The fee (including additional fees and disbursements) may vary depending on the instruction source, your solicitor’s experience and location, the property price and what work we are required to do.

Legal Fee: £399 – £4,500

Virtual Assistance

At Deo Volente, our virtual assistance service provides tailored legal support remotely, ensuring efficient communication and assistance for all your legal needs.

Video Consultation

Call us now

Chat with us