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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 71129
Experience:  Over 5 years in practice
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Could someone please give me advice on the approximate cost/time

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Could someone please give me advice on the approximate cost/time and effort for me to purchase the freehold on a house in Cheshire? I would appreciate a "ballpark" total cost for conveyancing fees and the actual freehold.

Thank you for your question. My name is XXXXX XXXXX I will try to help with this.

Is this a flat or house.

It is a flat, are several of you buying it?

What is the approximate value of the property?
Customer: replied 4 years ago.

Hi Jo,


It is a house just owned by myself, I currently let it out.


The approximate value of the property is £168,000


I currently pay a peppercorn lease of £15/year. The lease has about 950 years left on it.





If it has 950 years to go at £15 per annum, why do you want to buy the freehold?
Customer: replied 4 years ago.


Hi Jo, The company i lease from dictate to me which insurance provider i have to cover my property under. Therefore it is not as competitive as i would like it to be. I am therefore considering whether it may be cheaper for me to just purchase the freehold to give me more flexibility. Thanks, Simon



Thank you. That is unusual in a long lease of a house.

You will have to pay the landlord's legal costs which could be up to £500 or so.

You will also have to pay your own legal costs which would usually be about the same.

You will also have to pay the cost of the freehold which, on a rent of £15 per annum is not going to be a lot of money.

The going rate is usually 10 times the ground rent but to be honest, if they wanted £500 for it, it is not worth arguing over.

Incidentally, the landlord does not have to sell the freehold if they do not want to

Can I clarify anything for you?

Customer: replied 4 years ago.

Hi Jo,


Just one quick question,


If I contact my landlord, can I simply ask them to allow me insure with whoever I choose, or is this something which requires a change of lease conditions in order to for me to do so? Therefore associated with a legal cost.


i.e. if they provide me with a letter saying I can insure with anyone I choose (as long as I provide evidence I am insured) can I get this agreement even if the lease does not originally suggest this arrangement?





You can come to any agreement that you like with the landlord although to be legally enforceable it must be done by a deed of variation for which there is, as you quite rightly say, a legal cost.

So, you could come to this arrangement but if ever you sold the property, it would revert to whatever it says in the lease
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