Expert Freehold Purchase Solicitors Newcastle and Sunderland.

Buying a Freehold Property

At Emmersons Solicitors our Conveyancing Experts specialise in assisting clients to purchase the Freehold Interest of their Leasehold properties. Whether it be a recently built home or a long-standing property, your Landlord/Freeholder may offer you the opportunity to purchase the Freehold.

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The Financial Cost of Leasehold Property!

Your Landlord is entitled to charge you a premium for the privilege of having your Freehold. This process would only occur on properties where you only own the Leashold Interest (a Leasehold Property).

When you hold a Leasehold Property, the Freeholder will charge you an annual ground rent and a service charge, which can sometimes be very costly. In addition to this they can charge you additional fees if you wish to alter your property in any way.

For example, if you wish to build a conservatory they will charge you for granting their concent. Sometimes obtaining your Landlords Consent to alterations can cost hundreds of pounds.

Purchasing The Freehold

It may, therefore, be better for you to purchase the Freehold of your property, which will remove the ground rent and services charges. It is at the descretion of the Freeholder/Landlord to sell the Freehold to you. However, under ceratin circumstancs they must sell the Freehold to you (if you have met certain Statutory Criteria). If you decide to purchase the Freehold then you will require a Specialist Conveyancing Solicitor to give you the correct legal advice before you sign the Transfer Deed.

Whether you are purchasing a Freehold with the assistance of a mortgage or with cash you should always seek the advice and assistance of a Specialist Solicitor with expert knowledge in this area.

If you instruct Emmerson's Solicitors, we will deal with the following on your behalf;

• Checking over the legal title to ensure that nothing will surprise you if you decide to sell your home in the future
• Carry out searches (if required)
• Check over the Transfer of Part (TP1) to ensure that the provisions are not overly onerous on you
• Report to you on all aspects of the transaction
• Register the purchase at the Land Registry

Owning your home on a Leasehold basis can affect its market value and this is all due to the fact that you have additional payments to make over and above the property purchase price.

At Emmersons our Freehold Purchase Solicitors we act on behalf of individuals and groups. We can help you with;

• Purchase of the Freehold
• Collective purchase of Freehold from a Management Company and/or Landlord (this occurs when a number of Tenants wish to take over a Freehold as a group)
• Your right of first refusal to buy the Freehold of a property

We are accredited by The Law Society Conveyancing Quality Scheme.

Members of the Law Society Conveyancing Quality Scheme

If you require any advice or assistance to purchase the Freehold of your Leasehold Property or if you require any information about our Conveyancing Services, then please do not hesitate to contact us on::

Expert Freehold Conveyancing Solicitors Newcastle:   0191 284 6989

Expert Freehold Conveyancing Solicitors Sunderland: 0191 567 6667

or email us: enquiries@emmersons-solicitors.co.uk
or complete our online enquiry form and select Conveyancing

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Read our great client feedback...

"I used Emmersons Solicitors to purchase my first property. They were excellent right from the beginning and they provided a smooth service throughout the 4-month process. know 100% that I could trust and rely upon their service and expertise. I was confident that my solicitor or another solicitor within the office would be able to help me no matter what the problem was, they were always there for me and put my interest first. I could not recommend them enough, they were amazing."

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