Tracing a Freeholder
Do you need to be tracing a freeholder ? This blog post covers how to trace a freeholder and is written by the leading Freeholder Tracing agents Find UK People®.
Many leaseholders in the UK at some point will need to trace and locate a current address for the freeholder of a property if they are not in contact with the freeholder. Whether it is to renew the lease or some other matter it can be very frustrating when an absentee lease holder is not contactable.
Of course the land registry records may have an old address for the free holder of the property but normally this information is old and out of date with a very historic address and you will need to utilise a specialist tracing service to trace the freeholder to a current and contactable address so you may proceed to contact the absentee freeholder.
The problem of an absent freeholder tends to arise most often where houses have been converted into flats. With such conversions, the freeholder would have sold off the flats on very long leases typically, thereby capitalising on the value of his or her interest.
Whilst remaining technically as freeholder, the freehold value is minimal when compared to the long leasehold interests sold off. In such scenarios, the freeholder may lose interest or even forget about owning the freehold, he or she might have moved to a new address or even passed away.
These situations can continue for many years, especially because many of the flat owning leaseholders may not see it as a major issue. They don’t tend to pay service charges and may even be ignorant that the freeholder will typically have the role of arranging buildings insurance for the overall building, and then seeking reimbursement from the leaseholders.
Some leaseholders may also, in some ways, see the lack of involvement of the freeholder as advantageous in that they may be tempted to make changes to the flat which would require freeholder consent without worrying about it, on the basis that a lack of a freeholder reduces the risk of action being taken for breach of lease covenant. Unfortunately, this approach can prove to be short sighted.
The ultimate resolution of an absent freeholder situation is to apply to court. The necessary form of application will be for Vesting Order in the County Court.
Important Freeholder Tracing Info
It is a prerequisite for an application for a vesting order that as leaseholder you have made sufficient attempts to try and contact and locate the freeholder or tracing a freeholder such as using a specialist freeholder tracing agency
A specialist freeholder tracing service from Find UK People® will normally locate most freeholders who are absent in just 24 – 48 hours and the service is on a no find no fee basis so the risk of using the service is minimal. This freeholder tracing service is one of the fastest at tracing freeholders to a current address in the UK or abroad and many customers have found success in using this service which can be verified on sites such as Trustpilot
Find UK People® have a very experienced Freeholder tracing team which results in accurate location details being supplied pin a very short time frame of 24 – 48 hours for most absentee freeholder tracing cases. Our team will talk through any freeholder tracing cases with you to fully understand the individual matter and then once all the information has been taken we can move forward with the location of the freeholder.
If in the event we cannot locate the freeholder we can also supply a report for the court to evidence this outcome for you to present to the court for consideration in any case you may have.
Instruct us to locate your freeholder
For any advice on tracing a freeholder call us 01273 252539