
Buying Your Freehold or Extending Your Lease
The Government has recently reconfirmed its proposal to implement reforms around Lease extension and freehold enfranchisement in the current term of Parliament.
Ashley Wilson Solicitors has been practicing residential property law in London for over 30 years and brings an unrivalled level of knowledge and expertise to all aspects of residential conveyancing. Whether buying, selling or remortgaging, our comprehensive service caters for all aspects of residential property law.
As specialists in property law, our teams of expert conveyancing solicitors act on behalf of both UK residents and international clients alike. Our capabilities enable us to act for high net worth individuals involved in luxury residential market purchases, sales of a full range of London residential properties or the intricacies of dealing with leasehold or freehold properties; dealing with one apartment, a block of flats or a full property portfolio. A full service is offered incorporating:
- Sale & purchase of houses and flats
- Residential property conveyancing
- Transfers of equity
- Remortgages
- Licenses to alter
- Help to buy
- Deeds of variation
A normal residential conveyancing transaction will take 6-8 weeks, please refer to the above buyer guide for an overview of the conveyancing process. With our wealth of expertise we regularly act for HNI and developers in matters where contracts must be exchanged within a few days or weeks. Our specialist solicitors are well placed to facilitate an expedited transaction where your individual circumstances allow. Please contact us using the below form for a bespoke quote.
Residential coveyancing and other leaseholder's rights often require a detailed knowledge of lease extension i.e. freehold acquisition (enfranchisement) and the right to manage and to deal with issues around short leases, management and live freehold collective claims that can often crop up.
As members of the Association of Leasehold Enfranchisement Practitioners (ALEP), Ashley Wilson Solicitors are experts in lease extension & collective enfranchisement – compelling your freeholder to extend your lease or sell the freehold of your property to you, the Leaseholder.
The flat sale can often involve assigning the benefit of a claim. You will benefit from our experience working with valuers to understand the premium payable and how the right in their regard is to be apportioned.
Ashley Wilson Solicitors are members of The Conveyancing Quality Scheme (CQS) which provides a recognised quality standard for residential conveyancing practices. This accreditation provides recognition of our training, adherence to good practice, management standards and commitment to providing efficient and high-quality conveyancing procedures throughout the conveyancing process. We have professional obligations under the scheme and for further information please see: http://www.lawsociety.org.uk/for-the-public/accredited-specialists/conveyancing/
We are also committed to adopting the Law Society Conveyancing Protocol which has enhanced our conveyancing service further ensuring even higher standards of client care, speed and efficiency when acting for you.
We act for most major UK lenders, banks and mortgage companies to ensure a seamless service whenever possible and act on behalf of both UK residents and international clients across the globe.
We are regulated and authorised by the Solicitors Regulation Authority (SRA), the regulatory body for solicitors in England and Wales under registration number: 510618
The Government has recently reconfirmed its proposal to implement reforms around Lease extension and freehold enfranchisement in the current term of Parliament.
The King’s Speech on 17 July 2024 promised a number of changes to the current state of leasehold and rental law – some of which we have covered in previous articles. Here we will discuss the proposed changes to No-Fault Evictions under section 21 of the Housing Act 1988.
Currently, once the contractual term of an assured shorthold tenancy ends, landlords can evict tenants without providing any reason. They just need to serve a “Section 21” notice on their tenants, providing a minimum of 2 months’ notice and satisfy certain pre-conditions. If the tenant does not leave during the notice period, they can issue court proceedings to obtain possession. Proceedings for possession cannot be commenced less than six months after the s.21 notice is given (with exceptions).
The King’s Speech confirmed that the government will ban no fault evictions as part of the Renter’s Rights Bill. This is part of a plan to give greater rights and protection to people renting their homes.
The Bill is currently at the report stage in the House of Commons, having had its first and second readings and has now passed through the committee stage with some amendments.
The deferment rate is relevant to residential leaseholders whether they are a house owner seeking their freehold, a flat owner seeking a longer lease of their flat or the freehold to their building acting in concert with other flat owners.