Buying the Freehold: Saracens Solicitors Gives an Advice


Posted August 7, 2018 by Linda_Guest

It’s fairly common practice in the capital to buy a home on a long leasehold, often 99 years. This is particularly common when buying a flat in a converted house in central London.

 
[London, 07/08/2018] - Saracens Solicitors is a well-known legal firm in the West End of London, with offices in Marble Arch. Saracens Solicitors is a mid-sized firm and has several departments, including a mortgage solicitor department.

All is well and good as long as the landlord is keeping up the maintenance on the structure and common areas of the property, but if not, the tenants may need to think about using the services of Saracens Solicitors mortgage solicitor to purchase the freehold of the property.

Being a central London firm means that Saracens Solicitors mortgage solicitor is highly experienced in the issues and legal processes involved in buying the freehold of a property.

Enfranchisement

This is when leaseholders get together to form a company in order to buy the freehold interest, making everyone both tenant and landlord at the same time. It’s a complex process involving many people, the legal side of which can be managed by Saracens Solicitors mortgage solicitor.

Saracens Solicitors mortgage solicitor will make sure that everyone meets the qualifying criteria before putting in an application. An important aspect of this kind of application is that there are strict time frames for it, and so Saracens Solicitors mortgage solicitor will make sure that all the notices and applications are carried out within those time frames.

Buying the freehold of a property is just one of the many services offered by Saracens Solicitors mortgage solicitor to leasehold homeowners.

Saracens Solicitors mortgage solicitor can also help with extending leases.

Why extend your lease with Saracens Solicitors mortgage solicitor?

Leases are typically 99 years long, but when someone has owned their property for more than two years or the lease expires in 70-80 years, it is worth getting the lease extended so as to make it more attractive to mortgage companies. Saracens Solicitors mortgage solicitor can extend people’s leases either by direct negotiations with the freeholder or by complying with two Acts, one for houses (1967) and one for flats (1993).

Visit their website as well https://saracenssolicitors.co.uk/.
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Issued By Linda_Guest
Country United Kingdom
Categories Business
Last Updated August 7, 2018