Are you thinking of selling your leasehold property?
If so then contact PSR Solicitors to see how we can help you. We know how stressful and time consuming selling a property can be. The move itself can be a harrowing experience without the pressure of arranging removals, taking final meters readings, contacting the landlord and updating utility providers. In addition you may also have a related property to purchase which can add further stress onto you. One of our dedicated conveyancing solicitors can assist you at every stage of the legal process and keep you fully updated on the progress of your sale from start to finish. Trust us to help you.
Procedure of selling your leasehold property
Once you have made the decision to sell your property you will typically need to place it on the market with an estate agent unless you can sell privately and obtain any necessary consent from your landlord. Your landlord may require a fee to produce a leasehold information pack. If you instruct us at the same time or at an early stage we can arrange with you to have the initial property forms and necessary checks completed in readiness and if necessary contact your landlord. We can also identify and resolve any issues with your legal title early on. Once a buyer has been found we will have the necessary information to hand to immediately start the legal process of selling your property without delay. The more quickly and smoothly the transaction runs the less likely a risk of it falling through (aborting).
Once the buyer’s solicitor has received the contract pack from us they will commence their searches, investigate the legal title to the property and raise any relevant enquiries to us for your replies. We will also liaise with the landlord to ensure all lease conditions have been complied with and that the rent and service charge are paid up to date. Once the buyer’s solicitor is satisfied with all the replies to appropriate enquiries a completion date can be proposed. This process may take a little longer depending on how many people are in the conveyancing chain. Once all parties in the chain have agreed a completion date it is usual to exchange contracts at the earliest opportunity. Once contracts have been exchanged, you can book your removals with the confidence that your buyer is contractually bound to complete on the purchase.
Should you have a mortgage on the property we will liaise with your mortgage lender and redeem the mortgage on completion. Similarly, we will also pay your estate agent (if you have one) and any applicable landlord costs on your behalf on completion.
Our experienced solicitors can also assist you with a wide range of issues that may arise on a sale such as:
- Lack of rights benefitting the property that you were not previously aware of
- Lack of Planning Permission or Building Regulations Approval
- Restrictions affecting your property
- Additional financial charges affecting your property
So if you have a leasehold property to sell and you want free initial advice from a fully qualified conveyancing solicitor then please contact us now. Using one of our specialist solicitors ensures that you have a better chance of completing on your sale. Some legal firms don’t use qualified solicitors to deal with property sales anymore, at PSR Solicitors however we believe that your case deserves special attention from a dedicated solicitor.
We have offices throughout North Wales and Cheshire and you can contact us safe in the knowledge that one of our expert solicitors will take care of everything for you on a *No Sale No Fee basis allowing you to carry on with your life whilst we proceed with your house move.
* You will have to meet any disbursements (i.e. Land Registry fees) incurred as these are paid to third parties.