Buying leasehold - get In-Deed's expert conveyancing solicitors on your side

A recent query from an In-Deed client dealt with buying a leasehold property: "I intend to purchase a leasehold property. Do I need to instruct a solicitor who is experienced in dealing with leasehold agreements or does it really matter?"

Buying a leasehold property should definitely be done with the expertise of a conveyancing solicitor familiar with this type of tenure. And at In-Deed, our panel of property solicitors across England and Wales have the essential knowhow to complete your purchase of a leasehold property.

Many confused by what leasehold is

In fact, it's absolutely crucial that you instruct a solicitor who knows exactly what's required where leasehold concerned. New research by estate agent body NAEA Propertymark has revealed that more than half (57 percent) of those questioned didn't understand what being a leaseholder actually means.

And what it means is that you don't actually own the land on which your home stands. Instead you must pay ground rent on that land for so long as the lease is in place. And if the lease is actually allowed to run out, ownership of your property will be passed to the landowner, or freeholder.

That is why it's so important that you get the right advice on buying leasehold.

Instructing with confidence

At In-Deed, our expert team can talk to you in much more detail about the type of property you intend to buy, ensuring you can then instruct a conveyancing solicitor with confidence. We're available seven days on 0800 038 6886 or you can find out more about our low-cost, high-quality conveyancing services by getting an instant online quote.

In our regular blogs, we look in depth at some of the most common questions posed by buyers and sellers, remortgagors and those seeking a transfer of equity. If you have a query you'd like answered, you can call on 0800 038 6886 or email us now.