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

There’s legislation pending to bring this unregulated area in line. These ground rent management specialists take the piss.

Don't need deeds anymore

Have you thrown yours away?

 

I won’t be with mine.

land registry don't always hold details of leasehold or costs, 

 

issue we are having at the moment.

My brother's area of Bradshaw was amongst some areas a few years ago when the lease holder wrote to all the householders and told them they HAD to use a certain buildings and contents insurance. They'd apparently done a deal with an insurer where they were paid for every household that signed up.
I think it was fucked off in court.

Sorted ours today.. thanks for the reminder

My previous house was on a 999 year lease. I was paying £3 a year. All seemed a bit pointless.

 

It’s these new ones where it double every ten years that are going to cause all sorts of bother.

Just looked when she moved in 2009 the option was to buy for £6500 2018 £15,000!!!!

I'm still not sure what any of this means

Land/Charge Certificate contain the information.

Search at Land Registry will tell you.

Not if registered before a certain date. Has been a pain in the arse.

 

My dad managed a few of these and the whole market is a joke.

I watched a programme about New York the othernight

 

A developer has just paid $2billion for the air above a train station to build skyscrapers. They technically own about 50 square foot of land on which they are installing supports for several hundred floors of skyscraper.

 

It's absolutely mindboggling.

The scandal brewing is the spiralling ground rent costs.

 

This archaic practice of leasehold needs fucking binning off. Ground rent management specialists go to extraordinary lengths to screw folk over. It’s an area that requires regulation and the consumer protecting. A ppi type action would be great to fuck these cunts over.

The scandal brewing is the spiralling ground rent costs.

 

This archaic practice of leasehold needs fucking binning off. Ground rent management specialists go to extraordinary lengths to screw folk over. It’s an area that requires regulation and the consumer protecting. A ppi type action would be great to fuck these cunts over.

Agreed. I had issues in the past when I bought my house. Faceless turd who didn’t want to speak to me preventing hear me out cost me a few grand. I’d happily go ppi on him

The scandal brewing is the spiralling ground rent costs.

 

This archaic practice of leasehold needs fucking binning off. Ground rent management specialists go to extraordinary lengths to screw folk over. It’s an area that requires regulation and the consumer protecting. A ppi type action would be great to fuck these cunts over.

Like gonzo it all goes over my head

 

That said I bought a flat in 2006 and pay 37.50 twice a year for something like this

 

For some reason I don't recall one paymemt didn't go through a while back and by time I got on to it I had a debt collector on my case for something like £500

 

I pointed out every payment had been made on time to date and for some reason the standing order messed up but all sorted now, won't happen again

 

They made on they were being lenient by letting me off with just having to pay something like 200

 

But I didn't have a leg to stand on in court so had to pay it

 

Cunts

 

And I still don't know what it is or why I have to pay it, I just do

Couple of websites for folk.

 

Free and independent advice, they will ask you for a copy of your deeds. They used to be easier to get through to, that changed with this shocking government. A simple question to them would be to ask what do I have to pay, when and what happens if I don’t. Ground rent is only due when it’s demanded and the demand to be lawful has to be in a certain from.

 

https://www.lease-advice.org/

 

If you’re a landlord in a nutshell it’s better to have freehold. This is a great site and the subscription cost can be offset against the tax. There are other websites but this is my favourite.

 

https://www.pims.co.uk/

 

If your in a flat service charges are what you need to find out about. Service charges are supposed to be where everyone contributes to the upkeep, appearance and maintenance of the exterior and communal areas which all occupants benefit from.

When I lived in Manc city centre I paid 350 a year. 50 flats all paying that and getting fuck all back. Great work if you can get it

How easy is it to check stuff like this with someone you can trust? When I say someone you can trust I mean not an estate agent who I put in the same bracket as someone in the SS.

Bought mine a few years ago; well worth it. Simarc property management was the company. They tried it on and tried to get money from me upon moving in that they weren't entitled to. My solicitor sorted them and told me they had form for such practices. As soon as I could I bought the freehold from them.

Just bought my freehold today for £900, originally they asked for £1400 - so you can chip them if you're a cheeky cnut.

 

The only reason i bought it was to stop any other fcuker from buying it.

Edited February 21, 20188 yr by Burndens Bogs

I paid £675 to PSP Bolton for mine, didn’t like the idea of someone else owning the land my house is on

Is this whole "Leasehold" thing more of a Northern thing? - I've never heard anybody talking about it down here in the south, apart from if they're in flats/apartments

Is this whole "Leasehold" thing more of a Northern thing? - I've never heard anybody talking about it down here in the south, apart from if they're in flats/apartments

Even more of an issue in London judging from Homes Under the Hammer.

Most of the companies that own the leaseholds in the North seem to be London based.

Most of the companies that own the leaseholds in the North seem to be London based.

Mines in Swansea and it’s less than a fiver a year

Mines in Swansea and it’s less than a fiver a year

 

There's still coal in them there hills.

Mine came today. Based in Bolton