Dan Haines

Registered with Property118.com
Wednesday 24th June 2015


Latest Comments

Total Number of Property118 Comments: 3

Dan Haines

10:11 AM, 29th June 2015
About 4 years ago

Freehold value when linked to RPI

Reply to the comment left by "patrick maher" at "25/06/2015 - 09:31":

a good idea, but the offer we have received is on a time limit. If the extension doesn't complete within 3 months (issued 2 months ago) then the offer needs to be re-evaluated with a new valuation by the freeholder, which will cost more, and the lease will then have ticked down to 69 years, which will also add more money to the cost.... Read More

Dan Haines

10:08 AM, 29th June 2015
About 4 years ago

Freehold value when linked to RPI

Reply to the comment left by "Puzzler " at "26/06/2015 - 09:26":

Because the overall cost of the statutory route is somewhere in the region of £11-12K and could take months. The proposed "informal" deal works out at £7250 all included and can complete in 4-6 weeks.
As well as having to sell quickly, we need all the equity we can get in order to put the deposit down on a new place, so out of the two options the informal offer is the more attractive to me. I hope this doesn't sound unethical, but I dont want to reduce the asking price just to make someone elses life cheaper and easier. If the property will easily sell under the informal terms then its a no brainer really.
I agree, with all this hindsight, personally i would never jump into another lease unless it was heavily in my favour, but the chances are, with it being a one bedroom flat, the buyers are most likely to be young and not quite so experienced, and really its up to their solicitor to advise them.... Read More

Dan Haines

16:40 PM, 24th June 2015
About 4 years ago

Freehold value when linked to RPI

Reply to the comment left by "Neil Patterson" at "24/06/2015 - 15:46":

Thanks Neil, yes i am already aware of this. What i was unsure of is how they calculate the value of the freehold if future RPi figures are unknown? I'm assuming they will most likely just use the rising £200 base figure, but wasn't sure if "potential" RPi increase would play a part in the valuation?... Read More