Karen Holtge

Registered with Property118.com
Tuesday 22nd December 2015


Latest Comments

Total Number of Property118 Comments: 10

Karen Holtge

13:28 PM, 5th June 2021, About 5 months ago

Failing managing agent appointed by freeholder?

I believe even if the service charges were owed by previous leasees, the debt attaches to the current owner, and can be enforced against the current owner. They would then need to go back to their conveyancing solicitor and establish why this was not squared up on purchase.... Read More

Karen Holtge

12:20 PM, 25th January 2020, About 2 years ago

Pulled out again due to onerous Ground Rent increases

We have a similar problem with a block. We have formed a leaseholders action group and have engaged a solicitor. So far the advice we have been given is that you may be able to take action against the solicitor who did the conveyancing if they did not point out this problem with the ground rent. It is not enough to just outline the terms on which the ground rent is payable, but rather that the situation you are now in could occur. Another course of action is to buy the freehold and then extend the leases and somehow when this is done it will reduce the amount of ground rent payable. I am not sure of all the ins and outs as am not legal. If you are struggling with the property I would suggest contacting other owners in the block, pooling resources and obtaining legal advice.... Read More

Karen Holtge

10:32 AM, 14th September 2019, About 2 years ago

McDonnell's distorted and dangerous version of Right to Buy

Reply to the comment left by Michael Barnes at 06/09/2019 - 23:29
Only if cross collaterialised.... unless they also override the terms of the mortgage agreements.... Read More

Karen Holtge

10:30 AM, 14th September 2019, About 2 years ago

McDonnell's distorted and dangerous version of Right to Buy

Reply to the comment left by Dylan Morris at 14/09/2019 - 10:22
Excellent point.. This will introduce more instability into the financial system again. They are in effect granting mortgages to borrowers who cannot afford them. A better level of security for the banks is an investor who has accumulated deposits/other assets to tide through the ups and downs of the economic cycle as opposed to someone who can only purchase based on a 100% or near 100% loan and the purchase price slashed. 2008 must now be a distant memory to the policy makers.... Read More

Karen Holtge

22:30 PM, 6th September 2019, About 2 years ago

McDonnell's distorted and dangerous version of Right to Buy

I don’t think they could allow compulsory acquisition due to the cost to the financial system. This would cause instability in the financial system. If a landlord was in negative equity, as many in London may be, then the bank would be left with the shortfall.... Read More