I’m confused as to what exactly has cost you £200k & why the bailiff was after you? Were you paying service charges? Even if the FH was responsible for insuring, you could’ve done it yourself, would’ve been cheaper than him...
Despite the lease usually being your first port of call (& not likely to help you), I'd say what works in your favour is that 1) he told you to get your own buildings insurance (unusual but not unheard of(&...
Xiaolei how did you get on? After a few requests to the MA I would have followed their complaints procedure - generally useless but they are necessary steps to then escalate to whatever bodies they subscribe (eg ARMA) (generally also...
No point in rushing to renew now, but if gov hasn't made the adjustments to marriage value in the next 4.5 years (-ish), which is possible, I would start the formal process. The request (I forgot the process number /...
What were your plans with this property, to live or or ret? You need to wait 2 years before you can buy the freehold - (the best option) or extend the lease (2nd option but will be able to reduce...
Reply to the comment left by andrew samuel at 09/07/2021 - 23:34Exactly, like I said that’s why it’s at auction-cash buyers only, banks won’t mortgage it these days unless that ground rent is amended & I’m guessing the freeloader sorry...
Are you seriously disputing what I’ve said about ground rent of £1k, based on your £12?? Never mind apples & oranges, you’re comparing apples & chairs!! Do yourself a favour & research “onerous ground rent”
Any idea if it was one of the auctions that was covered by a TV production team? If he was supposed to mention it being leasehold before bidding, and you have prove that he didn't, maybe you'd have a chance...
Reply to the comment left by Tim Rogers at 09/07/2021 - 14:39Absolutely, Auctions do need changes. Just as leasehold does, and that's how we're making it happen - painfully slowly - but by highlighting it as unfair, too many loopholes,...
You haven't been scammed, you just didn't do due diligence right up until the day before. That is what is required, and that is something that should change with auctions. It's unfortunate but not a scam. The law allows it....
Funny how often auction properties suddenly have details added last minute, it's a known risk that you have to keep checking isn't it. Perhaps something that the law needs to clamp down on. Packs must be sent, & any additions...
£1k ground rent holy cow, That's why it's at auction. It's not mortgageable, banks are learning to stay away from those. How often & by what measure does it increase? What area is the house in? Luckily for you ground...
Ah you have indeed been caught out as so many buyers have been, where they only find out near the end of a purchase that their freehold house is actually not free of hold. Usually they have already spent thousands...
Issue them with the below requests, there is a template provided to ensure that it is done correctly. There are specific requirements & timelines. https://www.lease-advice.org/faq/what-should-a-summary-of-the-service-charge-account-under-section-21-of-the-landlord-and-tenant-act-1985-contain/ https://www.lease-advice.org/advice-guide/service-charges-other-issues/
Reply to the comment left by Graham Bowcock at 26/04/2021 - 14:09I agree - there are indeed always big needs such as reroofing, windows, H&S, brickwork, painting, etc. Any common area or working part needs looking after, either by an...
24th April 2024, 2 years ago
I’m confused as to what exactly has cost you £200k & why the bailiff was after you? Were you paying service charges? Even if the FH was responsible for insuring, you could’ve done it yourself, would’ve been cheaper than him...
Read More →13th April 2024, 2 years ago
Despite the lease usually being your first port of call (& not likely to help you), I'd say what works in your favour is that 1) he told you to get your own buildings insurance (unusual but not unheard of(&...
Read More →21st February 2022, 4 years ago
Xiaolei how did you get on? After a few requests to the MA I would have followed their complaints procedure - generally useless but they are necessary steps to then escalate to whatever bodies they subscribe (eg ARMA) (generally also...
Read More →20th January 2022, 4 years ago
No point in rushing to renew now, but if gov hasn't made the adjustments to marriage value in the next 4.5 years (-ish), which is possible, I would start the formal process. The request (I forgot the process number /...
Read More →11th July 2021, 5 years ago
What were your plans with this property, to live or or ret? You need to wait 2 years before you can buy the freehold - (the best option) or extend the lease (2nd option but will be able to reduce...
Read More →10th July 2021, 5 years ago
I signed up & accessed the pack, I can see the freeholder is the council, no MA info, did you get paperwork other than what is available online?
Read More →10th July 2021, 5 years ago
Andrew do you have the details of the landlord, and the managing agents? (I can't access the pack as I'm not registered for auctions)
Read More →Reply to comment left by andrew samuel at 09/07/2021 - 23:34
Reply to the comment left by andrew samuel at 09/07/2021 - 23:34Exactly, like I said that’s why it’s at auction-cash buyers only, banks won’t mortgage it these days unless that ground rent is amended & I’m guessing the freeloader sorry...
Read More →Reply to comment left by Andrew Hartley at 09/07/2021 - 22:58
Are you seriously disputing what I’ve said about ground rent of £1k, based on your £12?? Never mind apples & oranges, you’re comparing apples & chairs!! Do yourself a favour & research “onerous ground rent”
Read More →9th July 2021, 5 years ago
Any idea if it was one of the auctions that was covered by a TV production team? If he was supposed to mention it being leasehold before bidding, and you have prove that he didn't, maybe you'd have a chance...
Read More →Reply to comment left by Tim Rogers at 09/07/2021 - 14:39
Reply to the comment left by Tim Rogers at 09/07/2021 - 14:39Absolutely, Auctions do need changes. Just as leasehold does, and that's how we're making it happen - painfully slowly - but by highlighting it as unfair, too many loopholes,...
Read More →9th July 2021, 5 years ago
You haven't been scammed, you just didn't do due diligence right up until the day before. That is what is required, and that is something that should change with auctions. It's unfortunate but not a scam. The law allows it....
Read More →9th July 2021, 5 years ago
Funny how often auction properties suddenly have details added last minute, it's a known risk that you have to keep checking isn't it. Perhaps something that the law needs to clamp down on. Packs must be sent, & any additions...
Read More →9th July 2021, 5 years ago
£1k ground rent holy cow, That's why it's at auction. It's not mortgageable, banks are learning to stay away from those. How often & by what measure does it increase? What area is the house in? Luckily for you ground...
Read More →9th July 2021, 5 years ago
Ah you have indeed been caught out as so many buyers have been, where they only find out near the end of a purchase that their freehold house is actually not free of hold. Usually they have already spent thousands...
Read More →5th June 2021, 5 years ago
Issue them with the below requests, there is a template provided to ensure that it is done correctly. There are specific requirements & timelines. https://www.lease-advice.org/faq/what-should-a-summary-of-the-service-charge-account-under-section-21-of-the-landlord-and-tenant-act-1985-contain/ https://www.lease-advice.org/advice-guide/service-charges-other-issues/
Read More →20th May 2021, 5 years ago
Wow this is an interesting one, I'd love to know how you resolve it.
Read More →Reply to comment left by Graham Bowcock at 26/04/2021 - 14:09
Reply to the comment left by Graham Bowcock at 26/04/2021 - 14:09I agree - there are indeed always big needs such as reroofing, windows, H&S, brickwork, painting, etc. Any common area or working part needs looking after, either by an...
Read More →26th April 2021, 5 years ago
"get away with doing so little & charging so much"
Read More →Reply to comment left by Richard Adams at 25/04/2021 - 13:49
Reply to the comment left by Richard Adams at 25/04/2021 - 13:49As I’ve said, we’re excluded. We do not have the option.
Read More →Showing 20 of 66 comments