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Buying Freehold of a leasehold property
Buying Freehold of a leasehold property
Posted
Sat, 03 May 2025 13:49:18 GMT
by
Paul Mordue
I have the option of buying the freehold of 5 houses so the ground rent payable on those properties would become due to me. Would this just require submission of a TR1 for each of the individual houses? <br> <br> If so would the fee payable be based on the price of the freehold of teach site or would the value of the property be used?<br> <br> I am not the lease holder of any of the properties. <br>   
Posted
Sun, 04 May 2025 07:11:15 GMT
by
Adam Hookway
Paul - the legal ownership would be transferred by way of a form TR1, yes. If all owned by the same people/company then one Transfer could be used<br> The fee is based on the consideration paid <br> <a href="https://www.gov.uk/registering-land-or-property-with-land-registry/transfer-ownership-of-your-property">Registering land or property with HM Land Registry: Change the registered owner name - GOV.UK</a><br> Land registration is complex, designed to protect legal and financial interests in property. There can be significant consequences for any error. Please consider seeking legal representation. Before making an application without legal representation, it is important to <a href="https://www.gov.uk/guidance/making-an-application-without-legal-representation">consider the benefits of using a conveyancer.</a>
Posted
Wed, 07 May 2025 13:42:32 GMT
by
Paul Mordue
Many thanks for the confirmation
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