You need to be a qualifying tenant under The Leasehold Reform, Housing and Urban Development Act 1993, which gives lessees the right to surrender the existing lease and acquire a new lease on their property. To be a qualifying tenant, you must have been the registered owner of a property with a long lease for at least two years.
In the legal world, the conveyancing system follows a process that needs to be adhered to:
It can feel daunting to agree on a house sale with developers or development agents when your home is no more than timber or concrete. We would want no client to go through the process alone. We are here to walk you through the following:
DV Solicitors have to check the deeds and papers they receive, report to HMRC and pay and Stamp Duty and register the purchase and the mortgage at the Land Registry. Once that has all been done, the solicitor then has to tell the mortgage lender and the buyer and secure the right papers and documents are sent to the right people.