annoying thing my conveyancer hasn’t mentioned it to me but the seller has as I’m in regular communication...
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I am in the process of purchasing a 200+ yr old converted farmhouse/barns & my conveyancer has apparently questioned my seller/conveyancer re a “flying freehold” on the property
annoying thing my conveyancer hasn’t mentioned it to me but the seller has as I’m in regular communication...18-07-2019, 21:07 PM -
Reply to Query if this is a flying freehold?Assuming that is the problem, it does not come under "flying freehold", but rather under "easements". The meaning of easement is explained here: https://en.wikipedia.org/wiki/Easements_in_English_law
The first question to ask is whether the right to open a window into...19-07-2019, 16:57 PM -
Reply to Query if this is a flying freehold?That’s what I believe my coveyancer has flagged an issue about! To me the one window is not a problem & don’t foresee a future one!
Any advise/comments would really be appreciated19-07-2019, 09:06 AM -
Reply to Query if this is a flying freehold?Just to clarify this, the precise problem is that one window opens out into the airspace of the neighbouring property?19-07-2019, 08:48 AM
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Trying to find somebody to carry out the freehold valuation.
So far no luck, any recommendations?
Thanks11-07-2019, 13:58 PM -
Reply to Freehold valuationYes, it doesn't. Though I think I'm not getting the best deal but it seems like a deal at the moment18-07-2019, 18:35 PM
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Reply to Freehold valuationYes, sorry - I didn't check what I was replying to properly.
I would expect freehold purchase via informal versus statutory routes to have similar potential risks, but it can't hurt to see what you are offered....18-07-2019, 18:09 PM -
Reply to Freehold valuationWe are buying freehold, there is no change of leases, apart from maybe extending them in one transaction to save on legal costs in the future18-07-2019, 18:02 PM
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Reply to Freehold valuationI agree with michelle, you need to be very careful with informal lease extensions. Although the price that you are quoted may be cheaper, the actual cost may be far more in the long term.
As an example (and without quoting exact details) both my neighbour and I extended our leases within two year...18-07-2019, 17:08 PM -
Reply to Freehold valuationYou are always advised to enfranchaise formally rather than informally. It may cost you more in fees (you have to pay both sides)
You need to make very sure that no onerous terms are cleverly sneaked into your new lease/variation. Also a good enfranchisement solicitor may be able to negotiate...18-07-2019, 00:02 AM