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How to Really Buy a Property
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What does 'License to Assign' mean?

License to Assign

When buying a leasehold property you need the permission of the freeholder to take possession. In most cases this is a formality but there are exceptions.

See The Property Buying Process in Theory for details.

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How to Really Buy a Property

"... to Assign (Leasehold Only) - for most purchases this is a formality. It is a document from the managing agents or freeholder saying they accept you as the new leaseholder. There are some blocks, however, where you will have to provide character references, proof of your financial status and sometimes even attend for an interview. They are rare and, more often than not, in the upmarket apartments of Mayfair and..."
"... the freeholder if he has not appointed managing agents. Ground Rent Receipts (Leasehold only): From the freeholder. License to Assign (Leasehold only): From the freeholder. Deeds of Variation (Leasehold and Share of Freehold only, where applicable): From the freeholder or the freehold..."

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Author of How to Really Buy a Property

I'm Tim Hill, Author of How to Really Buy a Property. I'm a property buyer, seller, landlord, tenant and I've been an agent in hundreds of transactions. I own a property portfolio across Europe but that doesn't mean I think you should to!

This book is my collective knowledge and experience that I have gained working within the property market of England and Wales for over a decade. I've written it so that you can benefit from what I have learnt whether you are a first time buyer or a budding buy-to-let investor.

There are no gimmicks here and no get rich quick schemes - just practical no nonsense advice so you can buy the property you want at the best price with the least stress.

Download the Free Preview copy right now. I won't be asking for your email so I can bombard your inbox with 'special offers' and 'discounts' because I know most people who read the Free Preview buy the full copy. See for yourself!