Freeholder Gone Bust and I can’t Extend my LeaseMake Text Bigger
I own a flat in a block of six, all six owners have agreed to purchase the Freehold.
The Freeholder was dissolved in 2002, our solicitor has contacted the Treasurys Solicitors Dept, who have replied to say that that companies assets are distributed to persons entitled, no interest was passed to the Crown as bona vacantia, and suggest we continue to look to see who gained entitlement to the freehold.
The Financial Conduct Authority have also been contacted, but no one has any idea who has the freehold.
In the ten years I have owned the flat we have never had a demand for ground rent or maintenance.
Our solicitor seems stuck and the leases have dropped below seventy years making the flats difficult to sell.
Has any one got any ideas what we should do next?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.