You are reading a single comment by @neu and its replies.
Click here to read the full conversation.
-
If they mean the seller has completed a lease extension and waiting for it to be registered - that shouldn't necessarily delay your purchase.
It's not an extension, just registering the change in owner/occupant I think?
My solicitor's words:
once signed and dated, the ‘new’ lease is that which applies to the property, as this lease will either include the surrender of the previous lease and grant of the new one, or it will be a deed of variation which simply changes the previous lease. Upon completion, this lease has to be registered with Land Registry as it is a legal requirement to do so, hence the ‘new’ lease being with Land Registry.
I guess I need to push the seller's solicitor somehow.
neu
Danimal
Yes the Land Registry have a massive backlog and have done for years (leasehold registrations in particular taking a long time) but I'd expect the solicitors to be able to progress things in the meantime.
If they mean the seller has completed a lease extension and waiting for it to be registered - that shouldn't necessarily delay your purchase.