We offer a high quality property service that is responsive, competitively priced and minimises your worries and concerns. To limit the frustration and stress involved in buying and selling a home, our priority is to provide excellent timing and effective negotiation. If you are buying and selling simultaneously, we will co-ordinate the necessary timescales.
Buying a Freehold Property
If you own a freehold property that means that you own it outright and that no-one else apart from any co-owner or mortgagee, has any interest in the property. You are free to sell it or give it away without needing consent from anyone. It will pass to your next of kin or beneficiaries upon your death. If there is a mortgage outstanding, if you are unable pay the mortgage at any time then the mortgage lender does have a right to repossess the property. They will sell the property and once the mortgage is paid off, the remainder is yours.
Our partners have over 50 years combined experience. We specialise in family law including divorce, children issues and financial implications, and also in property and commercial work, and wills, estate and Probate. Though we specialise in family law, we can help in a wide range of legal matters.
An area that sometimes confuses people is that your title to the property may be subject to what are called restrictive covenants. These are covenants that are imposed at some stage when your property or the land on which it stands was sold on a previous occasion. The covenants prevent you from doing certain things to the property. For example, the covenant may state that the property can only be used as a private dwelling and that you cannot operate a business from there. There are also sometimes covenants that require you to obtain consent of a third party before you do some work to your property, for example extend it. This often prompts the question of why you need someone else’s consent if you own the property. The answer quite simply is that those covenants will have been imposed to protect the amenity of land owned by the seller at the time the covenants were created.