Aug

Buying the freehold: What’s involved?

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The freeholder of my BTL flat is selling the freehold to me. It is going through now but I would like to know what my responsibilities and roles are as well as the advantages and disadvantages. I have emailed my solicitor twice regarding this but no response.

I contacted RLA who directed me to Leasehold Advisory Service. I have a telephone appointment with the Leasehold Advisory service, which is 15 minutes long in September but wonder if anyone here can advise what I actually need to do as a freeholder of two flats in a Victorian building with 999 leases paying service charges and ground rent to a freeholder. The only thing I know about is the insurance for the whole building.

As the new freeholder do I pay service charges to myself? I’ve looked around the Leasehold Advisory Service website but my particular circumstances does not seem to apply as its only two flats.

It’s probably too late now to get another solicitor and he has dealt with all my other properties OK but it’s been nearly a year since it was offered to me!

Any advice?

Regards

Barry

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