Property Residential Property Purchasing a Leasehold

Purchasing a Leasehold

What do our fees cover?

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

What Sets Us Apart?

Here at Dutton Gregory, our experience speaks for itself. With over 250 years of combined knowledge between them, our Residential teams pride themselves on client care and quality service, paving the way for you to fully enjoy the excitement of purchasing your new home. Our services include:

Are always overseen by a qualified solicitor, keeping you in safe hands.
Have been established since the 1800’s, with solid local knowledge and an excellent reputation.
Remain direct and personal for you. No call centres, just easily contactable, friendly faces, on the phone or in person.
Have you in mind, with a true belief in training, and a focus on staff development across all levels, from Assistant to Partner, ensuring you receive the highest possible service year on year.

The Process of Purchasing

How long will my house purchase take? How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. If you are buying a leasehold property this could take 10-12 weeks, but if the property requires an extension of the lease, or other amendments, this can take significantly longer, between 12-16 weeks. In such, a situation additional charges would apply. The precise stages involved in the purchase of a leasehold residential property vary according to the circumstances. However, below we have suggested some common key stages:

Take your instructions and give you initial advice
Check finances are in place to fund purchase and contact lenders if needed
Receive and advise on contract documents
Carry out searches
Obtain further planning documentation if required
Make any necessary enquiries of seller’s solicitor
Give you advice on all documents and information received
Go through conditions of mortgage offer with you
Advise on joint ownership
Send final contract to you for signature
Agree completion date (date from which you own the property)
Finalise and agree financial statements
Exchange contracts
Arrange for all monies needed to be received from lender and you
Obtain pre-completion searches
Complete purchase
Deal with payment of Stamp Duty Land Tax
Deal with serving Notices on freeholder/managing agent and dealing with service charge/ground rent apportionments
Deal with application for registration at Land Registry
Once registered at Land Registry we will send details to you and any lender