Selling a leasehold property involves unique complexities. Our specialist solicitors proactively manage the entire process, from compiling the management pack to dealing with freeholders, ensuring a smooth, timely, and successful sale.
Delays in a leasehold sale often stem from dealing with third parties. Our specialist lease sale solicitors are experts in proactively managing these elements to keep your sale on track.
We proactively request the LPE1 (Leasehold Property Enquiries) form from the freeholder or managing agent at the very start to prevent early delays.
Our expert team efficiently handles all enquiries from the buyer's solicitor, providing clear and accurate information to build confidence and maintain momentum.
We excel at managing complex property chains, liaising with all parties to ensure your transaction is synchronised with any onward purchase.
If your lease has a short term remaining, we can advise on serving a Section 42 notice to begin the lease extension process alongside the sale.
Selling a leasehold involves a third party: the freeholder or their managing agent. We must obtain a detailed information pack from them and satisfy their requirements, which can add time and complexity compared to a freehold sale.
The LPE1 is a standard form containing information about the lease, service charges, ground rent, planned major works, and building insurance. It is a critical document that the buyer's solicitor will need to review, and we request it at the very beginning of the process.
While a standard sale is around 12-16 weeks, leasehold sales can sometimes take longer due to the time it takes for managing agents to respond. Our proactive approach involves chasing these third parties relentlessly to minimise delays.
A Deed of Covenant is a document that the buyer may need to sign to agree to be bound by the terms of the lease. We will advise if this is required by the lease and prepare the necessary documentation for the buyer.
A short lease can make a property difficult to sell as many mortgage lenders will not lend on it. We can advise you on the process of starting a lease extension alongside your sale to make your property much more attractive to buyers.
Any ongoing disputes, for example over service charges, must be disclosed to the buyer. Our expert landlord & tenant solicitors can advise on the best way to resolve such issues to avoid jeopardising your sale.
Yes, this is known as a Transfer of Equity. If you own the property with someone else and wish to sell your share, we can manage the legal transfer process, including dealing with any mortgage lender.
Navigate the complexities of selling your leasehold property with a specialist team you can trust. Contact us today for a fixed-fee quote.
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Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
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