In the UK, purchasing a share of freehold involves buying a portion of the freehold interest in a property, which typically means owning a part of the building along with the other freehold owners. This can be a complex process, but it can provide more control over the property and potentially increase its value. The process for purchasing a share of freehold can involve the following steps: Check...
If you own a leasehold property in the UK, you may want to extend the leasehold agreement to increase the value of your property or to avoid complications in the future. Here are the steps to extend a leasehold agreement: Check if you are eligible: You are generally eligible to extend the leasehold agreement if you have owned the property for at least two years. Get a valuation: Before you start...
Ground rent and service charges are two common charges associated with leasehold properties in the UK. Ground rent is an annual fee paid by the leaseholder to the freeholder or landlord of the property. It is usually a relatively small amount, and the lease will specify the amount and when it is due. Ground rent can increase over time, so it is important to check the lease to see if there are any...
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