Rachel Knight and Harriet Dunn. Title Split Experts
Freehold to Leasehold
Why you should never leave Title Splitting until later
Creating leasehold apartments from freehold interests has been something that large developers have done for years.Usually this is done on new developments that can be sold, off plan and the leases are granted to the buyer upon completion. So, when someone tells you granting a lease from a freehold is nothing new, then they are right. The process has been around for a very long time.
So why do developers with buy to let apartments leave Title Splitting until later
Title Splitting early makes you money! So why are landlords leaving it until later?
I want to let you into a secret!!! Professionals have been telling property developers and landlords to leave it until later, like it does not matter. This is wrong!
Your solicitor, accountant, mortgage broker may have said to you that it does not matter, but it does. It might not have an impact on them, but leaving it until later can cost you hundreds of thousands of pounds.