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Aston Lawyer
Aston Lawyer, Solicitor
Category: Property Law
Satisfied Customers: 10459
Experience:  LLB(HONS) 23 years of experience in dealing with Conveyancing and Property Law
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How much to buy the freehold of my semi detached house

Resolved Question:

how much to buy the freehold of my semi detached house
Submitted: 1 year ago.
Category: Property Law
Expert:  Aston Lawyer replied 1 year ago.

Hi, could you please let me know how many years are left on your Lease/how much ground rent you pay per year, and the approximate value of your property?

Kind Regards

Al

Customer: replied 1 year ago.
50 yrs left.
ground rent £20 YR
value £150,000
Expert:  Aston Lawyer replied 1 year ago.

Thanks. Let me dome some calculations and I will then come back to you. Please give me 30 mins.

Al

Expert:  Aston Lawyer replied 1 year ago.

Hi,

Under the set formula, and on the basis that you have owned your property for 2 years or more,you should have to pay no more than £8,000 (possibly slightly less). You would also be responsible for paying the Freeholders legal fees which are normally approx. £750 plus VAT.

Please note that some Freeholders do sometimes try it on and may quote you a higher figure. If so, you would need to take the advice of a specialist Surveyor/Solicitor who can act in negotiations for you.

I hope this answers your question, and if so, would be grateful if you could rate my answer.

Kind Regards

Al

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