Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
16:28 PM, 5th April 2018
About 11 months ago
We purchased an off-plan property for BTL in 2008 (yes, I know!!!), and the lease we signed before Completion had the Ground Rent as £150 pa. Our solicitor (a supposed leasehold expert recommended by the broker) proceeded to completion, and we thought no more about it until the 5 year anniversary, when our Ground Rent increased by more than expected.
I reviewed the copy of the lease we signed, and what ‘our’ solicitor sent post-Completion, and was shocked to find the Ground Rent had been altered to £250 pa, which is a very significant increase. Our solicitor had not pointed this out to us, and soon after went bust.
We assumed because they had gone bust, we couldn’t do anything, but perhaps someone can advise if we have a case to challenge the lease, which has since been sold on twice.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More