Leasehold Houses
Unfortunately, far too many houses have been sold on a leasehold basis without buyers truly understanding the implications. Many of these not suffer from onerous ground rents and restrictive covenants making them near on impossible to sell at true market value.
Relief however can be found within the Leasehold Reform Act 1967 (‘the Act’) which provides qualifying lessees of houses with the right to acquire on fair terms the freehold of their house and premises.
In order to qualify these criteria must be met:
The lessee must be the lessee of the whole house
Original lease length must exceed 21 years
Minimum house ownership of 2 years
Lets talk…
Please don’t hesitate to contact us to discuss acquiring the freehold of your leasehold house.
Recent Case Studies
Isle of Wight |
Notting Hill |
Malvern |
Thank you very much for your analysis which was far more than I could have expected.
Thank you very much for your comprehensive and helpful valuation report.
Thank you again. You have been great and well recommended!!