CQS Purchase of a Leasehold Policy

I have been asked on a few occasions recently 'What should be included in a CQS Purchase of a Leasehold Policy'.

The leasehold landscape is rapidly changing, so your firm's policy should be frequently under review. During a recent CQS mock audit I noted a particularity thorough policy where the table of content included:

Financial implications of leasehold

Ground rents and onerous clauses

Marketability and mortgageability of leasehold

Implication of 35 year Mortgages on Leasehold

Management information

Referrals and conflicts of interest

Building Safety Act 2022 - Purchase & Sale Cases

Comprehensive reporting on leasehold

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