BP Surrey

Registered with Property118.com
Monday 17th August 2015


Latest Comments

Total Number of Property118 Comments: 17

BP Surrey

10:56 AM, 22nd October 2018
About 9 months ago

Freehold maisonette above a shop - mortgage nightmare?

I agree with Justin's comment. I recently sold a leasehold flat owned by my wife and I with the freehold being in my name only. Your solicitor will be able to draw up a new lease for the flat and sort out who owns what in terms of the lease and freehold.... Read More

BP Surrey

14:37 PM, 3rd April 2018
About A year ago

Ground rent school boy error?

Well having made a few comments very early on in the thread, it has all been very interesting. It would be great if Marcus could update us on the progress being made from time to time and hearing of the end result would be good too.... Read More

BP Surrey

17:18 PM, 31st March 2018
About A year ago

Ground rent school boy error?

I have one more suggestion for Marcus to consider which might help. Get your solicitor to write to the London Major Sadiq Khan and the Secretary of State for Housing Sajid Javid. In that letter explain you are attempting to overcome the problem of your ground rent doubling every ten years and as you know they have grave concerns facing many leaseholders with such leases, it is your intention to circulate all documents in the transaction to them to enable them to get a better understanding of the problem in a real live situation.

It might be a good idea for those two people to appear on the circulation list in all communications to the freeholders and/or their legal team.... Read More

BP Surrey

11:17 AM, 30th March 2018
About A year ago

Ground rent school boy error?

Reply to the comment left by David Dorset at 30/03/2018 - 11:03
The leasehold valuer is a surveyor mentioned in my earlier post. If the solicitor can strike a deal at an acceptable level as per the going rates using an online calculator, you will save around 2k on surveyor costs.... Read More

BP Surrey

11:12 AM, 30th March 2018
About A year ago

Ground rent school boy error?

I agree with Ian's points, the online calculators for buying the freehold or extending the leasehold for that matter are probably based on the ground rent increasing every 25 or every 33 years rather than doubling every 10 years. The calculators are only a rough guide in any event although you will probably be looking at the top end costings rather than the lower end due to the lease doubling every 10 years. The answer is, you won't know exactly how much it will cost until negotiations get underway.... Read More