Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
We are in the process of selling our flat which is in a block of 4 purpose built. We bought the land and created a managing company registered on companies house to run it ourselves, but pay an accountant to oversee the books and forward them to companies house.
The problem is the purchaser’s solicitor can not understand we have no leases as they are all privately owned and we are all members of the company and 3 residents are directors.
We have no leases because we own it. I Can’t make him see this as he says all flats are leasehold.
He also keeps saying there is a need to fill in an LP 11 form, but my solicitor is saying most of questions are for leasehold flats.
We are getting no where fast with this.
Any advice please
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