MegaSack DRAW - This year's winner is user - rgwb
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Is this something anyone here does? Quotes I've had so far seem very expensive for what should be a simple process.
Need to vary lease/issue side lease (or whatever the right process is) to extend lease to 999 years and peppercorn rent.
Welcome to the world of solicitors. I'm sure its reasonable if things get complicated but when it all goes smoothly it seems a waste. Last time I had a quote for some conveyancing it was so outrageous I just did it myself. Bought 3 properties now without using a solicitor, just dealing direct with the land registry. Not had any dealings with leases but I suspect the process is similar. Fill out the right forms, pay the right fees.Quotes I've had so far seem very expensive for what should be a simple process.
Bought 3 properties now without using a solicitor, just dealing direct with the land registry. N
I get the impression if you're all cash that's possible but as soon as a mortgage company is involved in any way they won't deal with anyone except a solicitor.
are you the tennant or a commercial interest?
It's 2 residential flats converted from a house. We are both the leaseholder and own 50% of the freehold (which is held in a LTD company with two shares- one share to each leaseholder)
Freehold was purchased and put into the ltd company 12 years ago but leases weren't extended at the time
Simon, it's something my firm would be able to deal with. Drop me a line on my email in profile.
Cheers
Jake