Just a heads up for those who are unaware

 

My mums house leasehold ran down to 50years as we have found out whilst doing probate etc

 

Now when my mum bought the house she was advised to buy the freehold as future problems can arise for people inheriting later on (and she ignored ????)

 

Bottom line it’s a cool £15k to buy and it’s pretty much un mortgageable for any new buyers unless cash purchase, as we will now have to contribute or pay the full amount to sell

Came up in conversation yesterday

in the end I paid 15500

the chap who we bought it off was a proper cunt had to go around and have words as he was ignoring solicitors letters 

47 minutes ago, radcliffewhite1 said:

Came up in conversation yesterday

in the end I paid 15500

the chap who we bought it off was a proper cunt had to go around and have words as he was ignoring solicitors letters 

That sounds like a lot of money to me, unless it's a very large house with loads of land?

Mines just a 3 bed semi on a largish plot, 5 car driveway and surrounded by greenbelt - it was £900 to buy the lease.

17 minutes ago, Burndens Bogs said:

That sounds like a lot of money to me, unless it's a very large house with loads of land?

Mines just a 3 bed semi on a largish plot, 5 car driveway and surrounded by greenbelt - it was £900 to buy the lease.

Others on surrounding streets are being charged similar prices 

the chap owns the land on numerous avenues around brandleshome 

hands was tied as needed to sell it and would of caused implications for new buyers 

Any leasehold owned by a company called Adriatic land, the house will be unmortgageable.

Just tried to buy one in Ramsbottom, mortgage company declined to lend on it, said they won't lend on any leasehold house where Adriatic own the freehold.