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Freehold is when you own the property and the land on which it is built. You will not have a landlord or pay any service charges. Houses are usually freehold.
Leasehold typically applies to flats. You will have a defined lease term (e.g. 99 years) and will probably pay service charges and ground rent to a landlord or freeholder.
When you own a share of the freehold, there will still be a lease but you will also own a share in the freehold. If the property is 'share of freehold' please select 'Leasehold'.
If you are not sure, please select 'Freehold'. Your solicitor will let you know all about the property tenure during the conveyancing process.
Over the past few years, developers have built many leasehold houses. If in doubt please select 'Freehold' or call us.
An independent conveyancer (i.e. not the developer's solicitor) will not be pressured to act in the interests of the developer.
If you are buying a property that has not yet been built, or you will be the first owner of a newly-built property, please select 'Yes'.
First-time buyers no longer pay any Stamp Duty Land Tax (SDLT) when buying a property for up to £300,000.
Additional residential properties, such as 'buy to let' properties and second homes, are subject to an additional 3% stamp duty land tax. This will be calculated and reflected in your quote.
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Our Solicitors practicing in England & Wales comply with Chapter 9 of the Solicitors Regulation Authority (SRA) Handbook. We may contact you directly about your quote. We quote the solicitor's legal fees along with any disbursements, expenses and stamp duty based on the information you provide.
Find out how long average claims take to settle. Check if your claim could be affected by delays and how long it will take to get your compensation.
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