Gracie, Author at Property118

Gracie

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...

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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(&...

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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...

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Should I hang tight on lease extension?

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 /...

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Have I been scammed into Leasehold?

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...

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Have I been scammed into Leasehold?

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?

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Have I been scammed into Leasehold?

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)

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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...

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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”

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Have I been scammed into Leasehold?

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...

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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,...

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Have I been scammed into Leasehold?

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....

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Have I been scammed into Leasehold?

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...

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Have I been scammed into Leasehold?

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...

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Have I been scammed into Leasehold?

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...

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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/

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Wow this is an interesting one, I'd love to know how you resolve it.

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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...

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Managing Agents overcharging for nothing?

26th April 2021, 5 years ago

"get away with doing so little & charging so much"

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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.

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Showing 20 of 66 comments

Gracie

Gracie


Registered with Property118.com

16th July 2016

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Bio

leaseholder looking for fairness