Maria M.

Registered with Property118.com
Thursday 14th May 2015


Latest Comments

Total Number of Property118 Comments: 21

Maria M.

1:06 AM, 11th June 2016
About 3 years ago

Freeholders valuer not authorised to negotiate the premium

Reply to the comment left by "Clint " at "10/06/2016 - 15:04":

Hi Clint,
Thank you very much for all your advice. My solicitor has told me that he can apply to the tribunal on my behalf and force the Freeholder to lower the premium. I am not sure how to prepare bundles or how to represent myself. I guess my solicitor has to do all of this which will be very expensive. I would think what I will gain by getting a lower premium if successful, has to be spent on my solicitor's fees for representing me. Is it all going to be worth it?

Is the indemnity insurance for the lack of block insurance or lack of block maintenance?

In summary you recommend that I do not bother about the changing the wording of my lease in other words leave it as it is and just get indemnity insurance before I sell the place. Have I understood this correctly?

I have heard that it will be difficult for any prospective buyer to get a mortgage on my flat as the CML's guidelines or is it the mortgage companies do not easily give mortgage to the flats without block insurance. Is this correct?

I think the law is really unfair and mainly on the side of the Freeholder. They can charge any premium they like, they can ask for well above the market rate for their valuers and legal costs as they know they can get away with it.
I am so very grateful for your advice and would like to thank you again.... Read More

Maria M.

12:20 PM, 10th June 2016
About 3 years ago

Freeholders valuer not authorised to negotiate the premium

Client thank you very much for your comments. The Freeholders is *****Edited*********. I have feeling that In addition to not agreeing to any negotiation on the premium, they will also ask for a large fee for their valuer and legal costs.
I also have a number of defects in my lease, which the Freeholder will not agree to change. The Freeholder has never provided us with Block Insurance. All be it that the flat is in a small block of six flats. Also there is no block maintenance, so there is always a problem with other leaseholders, not bothering to sort things out as and when needed. All flats are rented with Landlords who do not care or understand the implication of maintenance. In your experience do I have a chance to remedy some of these defects if I go to the Tribunal? Any advice would be greatly appreciated. Has anybody had experience of tribunal changing the lease defects considering that the other leaseholders are not bothered to change any of these defects which is baffling to say the least.... Read More

Maria M.

8:47 AM, 26th July 2015
About 4 years ago

Unfair fees for Deed of covenant after 18years of renting my flat

Thanks a lot. Yes I have another flat with 56 years lease left and in this I do not have a share of the Freehold and Thanks again, I have started a Thread on lease extension. But thanks again for sharing your knowledge on this subject.... Read More

Maria M.

17:49 PM, 25th July 2015
About 4 years ago

Unfair fees for Deed of covenant after 18years of renting my flat

Thank you for all the info. It is absolutely great.

What is the best way to approach lease extension in general? Is it best to approach the Freeholders/ Management company informally or is it best to get a solicitor to approach the Freeholders/ Management company Formally?... Read More

Maria M.

17:49 PM, 25th July 2015
About 4 years ago

Unfair fees for Deed of covenant after 18years of renting my flat

Thank you for all the info. It is absolutely great.

What is the best way to approach lease extension in general? Is it best to approach the Freeholders/ Management company informally or is it best to get a solicitor to approach the Freeholders/ Management company Formally?

I have looked at the Leasehold advice website and have got a rough idea of how much the lease should cost me. Although I understand this is not an accurate figure and it is just a guide line.

I am hoping to get copies of the my lease& plans and copies of Freehold titles & plans and read them, have an understanding of terms of the lease. I am then thinking to approach the Freeholders informally and ask for 90 years statutory+ Pepper corn ground rent. If Freeholders figures are in line with Leasehold Advisory service, then pass it on to a solicitor. Am I being foolish here?

Or should I call a RICS/ALEP registered surveyor and get a solicitor specialising in Lease Extension and pay them their negotiation fees etc?

This is all to save some money on solicitors fees, etc, as I understand that I have to pay the freeholders surveyors fees and legal costs. Is this worth or am I playing with fire here?

What is your experience of this ? or is this a mammoth task that only experts should be dealing with?... Read More