Penelope Poore

Registered with Property118.com
Wednesday 16th April 2014


Latest Comments

Total Number of Property118 Comments: 17

Penelope Poore

14:22 PM, 11th January 2022, About A week ago

£4,000 Legal Claim for Damages - Advice Please

I've only just got round to reading this - a very long Christmas!
For the past 18 months or so, I have been pursuing a case which was allocated to the small claims track in the County Court. We eventually won (as plaintiff) in November. I did it with the help of Which Legal, who were an enormous support. There are so many ways to slip up, and I ran everything past their advisor. Apart from all the information, it was great to have someone to talk it over with. It's a really affordable service- as far as I remember about £25 to join, and then around £10 per month.... Read More

Penelope Poore

13:04 PM, 5th November 2015, About 6 years ago

I Am A Property Developer - Ask Me Anything!

Hi Tony

After I read your post this morning, I checked the leases - something which hadn't occurred to me before, but should have done! I don't think I can use them though as they date from the 1950s and look pretty out of date. Sadly, I think I'll have to pay up for new ones.

I've found a firm called Lease Plans UK, who will measure up and provide a LR compliant plan quickly, and I'll get that off to the LR asap. Thank you for the tip.

I've asked the estate agents whether they think selling a share of the freehold will enhance the price, and the manager is supposed to be coming back to me on it. I'm not sure they know though - perhaps it's hard to pin down. I think I'm going to go with the plan to retain the freehold unless I come under pressure from a potential buyer to part with it. We have an open house on Saturday with 30 people booked in so far, so I have my fingers crossed.... Read More

Penelope Poore

17:50 PM, 3rd November 2015, About 6 years ago

I Am A Property Developer - Ask Me Anything!

Reply to the comment left by "Tony Atkins" at "03/11/2015 - 15:51":

That is such useful and detailed information and I am so grateful. I'm going to make an appointment with the solicitor to discuss it, although I think I may change to one who specialises in leasehold. We once, a long time ago, owned a house converted into 8 flats, where the leases were so badly drafted that we couldn't enforce payment of the service charge. It was a nightmare.
Anyway, I am definitely now minded to retain the freeholds on this one and I'll certainly let you know the outcome.... Read More

Penelope Poore

15:06 PM, 3rd November 2015, About 6 years ago

I Am A Property Developer - Ask Me Anything!

Hi Tony
I have another question. I am on this conversion of a house into three flats and have the first up for sale. I am planning to transfer a share of the freehold with each flat. Do you think that is the best idea? If I do, do I have to set up a separate company to deal with the freeholds, or leave it up the flat owners? Do I have to set ground rent and service charge or leave them to sort that out among themselves? And lastly, what length lease should I provide? As you can see, I'm new to flat conversions!... Read More

Penelope Poore

9:19 AM, 23rd October 2015, About 6 years ago

Lender requires to be joint on the insurance?

Yes, that is what my brokers said. But, from the article Tony directed me to, it looks as though it's becoming increasingly common.... Read More