Leasehold
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Why Do I Need a Deed of Variation to Sell My Property?
You bought your flat or freehold house, obtained a mortgage and completed without any apparent difficulty. Years later, you decide to sell or remortgage and are told that the lease, transfer or estate rentcharge provisions are unacceptable unless the relevant parties enter into a deed of variation. The document has not changed, so why has…
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The £7,000 Service Charge: Could You Still Sell the Flat?
Service charges in older tall buildings can exceed £7,000 a year on average. Buyers need to understand the current bill, reserve fund, major works and future saleability before exchange.