Leasehold

We routinely act for clients buying new build leasehold properties, including those purchased under schemes such as Help to Buy and shared ownership. Our fixed-fee team are familiar with the complexities of new-build conveyancing transactions. We will support you through the process, ensuring your best interests are protected.

For a free quote, call us on 0191 567 7244, and we’ll gladly help you.

You can also email info@cooklaw.co.uk or complete our free online enquiry form and we will be in touch with you shortly.

What is a leasehold property?

A leasehold is when you own the property but not the land it sits on. The land is owned by the freeholder. When you buy a leasehold, you sign a lease. This is the agreement between you (the homeowner) and the freeholder (also called the landlord). The lease says how long you can live in the property for.

It might also state other conditions, such as whether or not you can have pets.

In the past, new build houses were often sold as leaseholds. There are now rules against this, other than in exceptional circumstances.

Buying a new build leasehold property

When you buy a leasehold, your solicitor should always check the terms of the lease thoroughly before committing to the purchase. This is especially important when buying a new build.

The lease is new and has never been tested before. It is vital to check the terms to ensure the lease is appropriate and legally sound. Otherwise, you may agree to something which is problematic.

There may be ground rent, service charges or restrictive covenants you were unaware of.

Our new build conveyancing team

Our fixed fee conveyancing team has extensive experience in new build conveyancing. We are fully aware of the issues and unique challenges that accompany these transactions. We take care to ensure your position is protected. We are meticulous in our approach and will advise you about anything untoward, such as the lease terms and restrictive covenants.

We will also check that the property complies with planning regulations, that access roads are in place and that the property is connected to utilities and sewerage.

Ready to act

Buying a new build property comes with the added complication of liaising with the developer. You typically have to exchange contracts within a tight timeframe. If the building is incomplete, the completion date is unknown.

Once the property is ready, the developer serves a notice to complete, which often means completing within 10 days. We proactively work on your file, ensuring we meet these deadlines.

Fixed fee conveyancing 

If you have paid a reservation fee on a new build leasehold property, waste no time in contacting us for a free quote. Simply contact us to discuss your property purchase. We will provide a fixed fee quote with no hidden charges. That way, you can keep an eye on your budget, confident in the knowledge that there will be no extra expenses further down the line.

Get a free quote

Call 0191 567 7244 for a free, no-obligation quote. We are here to assist you.​

Alternatively, you can email us at info@cooklaw.co.uk or complete our free online enquiry form, and we will contact you shortly.