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Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10772
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
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Good evening,I own a 3 bedroom flat in London and have a

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Good evening,
I own a 3 bedroom flat in London and have a buy to let and interest only mortgage. I have recently decided to sell and have signed documents with a small company who at the end of paying off the mortgage company I would end up with £18,000. Initially I was told the remaining lease on the property was 30 years.
After months of waiting and paperwork being sorted the lease renewal is to cost £137,000. This small company has now successfully agreed for the freeholder to purchase.
I feel I am being ripped of as I have just found out this evening from my management company that I own 27+51 years of lease.
Does my signing of the paperwork with this company mean I will not be able to withdraw from the sale and sell it myself?
Hope I am clear,would really appreciate your help thank you Audrey
Hi Audrey, What paperwork have you actually signed? Is it a Contract agreeing that you sell to this small Company? Have you taken any legal advice or did the Company advise you to seek independent legal advice? Al
Customer: replied 1 year ago.
Hi Aston,I have signed documents agreeing for this small company to sell my property which was a few months ago. At the time I was in financial crisis and needed money, I wasworking on a temporary contract and could afford a solicitor .
The company stated that I could ask their solicitor if I was unsure of anything. Hope I have made myself clear.Thank you
Hi Audrey, Thanks for your reply and apologies for the delay. I do need to establish if you have signed a Contract, and that Contracts have been exchanged? Do you know if this has happened? Al
Customer: replied 1 year ago.
Hi Aston,
The freeholder visited the property on Thursday and with secretary of small company and freeholder has agreed to buy the property himself ,completion is at the end of May.
Thank you Audrey
Hi Audrey, has completion just been agreed between you and the Freeholder or have the Solicitors formally exchanged Contracts yet? Al
Customer: replied 1 year ago.
Morning Al
Completion has been agreed but nothing has been signed yet I believe , as freeholder viewed the property just this Thursday gone.
Thank you
Hi Audrey, good. Well, any party is free to withdraw from a Sale at any point before Contracts are exchanged. (You would have been told if this had happened). I would therefore suggest that you notify the Buyer that you have had a change of heart and you do not wish to proceed. As Contracts have not been exchanged, you are free to do this, without being responsible for any costs which may have been incurred by the Buyer.I hope this clarifies the legal position. Kind Regards Al
Aston Lawyer and 2 other Law Specialists are ready to help you
Customer: replied 1 year ago.
Hi Al,
Thank you so much for your response, extremely helpful.