Purchase of Residential Leasehold Property

penman sedgwick solicitors watford central baths new

Conveyancing Fee Calculator

The precise stages involved in the purchase of a leasehold residential property vary according to the circumstances. However, the details below will give you an idea of the key stages:
Key Stages
  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors (if applicable)
  • 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
  • Advise you on joint ownership
  • Go through conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Agree completion date (this is the date from which you will own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender (if applicable) and you
  • Obtain pre-completion searches
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry
If you need any advice on the purchase of leasehold residential property then please email us and we will respond as soon as possible, or call us.

Penman Sedgwick's opening hours:

Monday to Friday, 9.00am – 5.30pm