I recently extended my lease from the 38 years remaining to 999 years. My old lease was one of four occupational sub-leases carved out of a non-occupational headlease, also with 38 years remaining, and my new lease has been carved directly out of the freehold and its particulars make no reference to the headlease. But despite that, it has been registered as hanging off the headlease like the old sub-lease it replaces.
At first I thought this was a mistake, but the Land Registry say it must be registered this way because the headlease is concurrent and cannot be merged back into the freehold on account of one other remaining sub-lease still subject to it.
Two other lessees with sub-leases off this blasted headlease did the same exercise as me some time ago, and their new leases were registered directly off the freehold as one would expect. But apparently the rules changed in 2007, and this means my lease can no longer be registered like theirs.
Although hopefully my solicitor will deal with this, I would like to find out here:
* more background about this, with references to the relevant legislation and Land Registry professional guidance.
* Whether it is likely to be a problem when I come to sell the property
* If so, how can it be rectified (preferably quickly!)