Dealing with BVD/Government Legal Dept and Treasury Solicitor - freehold reversion

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Dealing with BVD/Government Legal Dept and Treasury Solicitor - freehold reversion


    Could anyone share any experience or knowledge of the process and timeline of how quickly the treasury solicitor acts upon making an offer to sell freehold back to leaseholders after the original freeholder had his company dissolved (10 years ago)

    There are only 2 leaseholders, one of which was the original freeholder. Both are 100% in agreement they want to buy back and share the freehold.

    All relevant documents and valuations have been submitted to the treasury solicitor department a week ago now but no communication has been received back since (previously emails were generally responded to within the day)

    Does the treasury solicitor instruct further solicitors? Or does he/they draw up their own offer? As it seems to be a straight forward and simple transaction, and the fact it is mentioned in BVC4 that they want to be as efficient as possible and keep costs to a minimum, it seems absurd we are hearing nothing.

    Many thanks for thoughts

    #2
    This appears to be a duplicate of https://forums.landlordzone.co.uk/fo...from-the-state

    Comment


      #3
      No. This is a separate and unique post. My comment on the above post you mention was because it was a similar situation. I apologise if I am not adhering to any rules I am not aware of.

      Comment

      Latest Activity

      Collapse

      • Remortgaging to a BTL so much to pay!
        Loftmonster
        My wife and I are in the process of remortgaging our home to a BTL and buying a new home.

        I've been in discussions with a mortgage advisor for the last couple of weeks. The purchase mortgage is straight forward but the BTL mortgage is proving a bit more difficult to decide upon. We...
        21-08-2019, 00:59 AM
      • Reply to Remortgaging to a BTL so much to pay!
        loanarranger
        What is the research provided by your broker in focusing on BM Solutions , they are no longer a lender who is the automatic 1st choice

        Ask your broker why he didn't quote the following:-
        Santander 1.39% 27 months fixed including Free Legals
        Barclays 1.41% 27 months fixed including...
        21-08-2019, 16:27 PM
      • Reply to Remortgaging to a BTL so much to pay!
        Loftmonster
        Thank JP, yeah i was thinking we should fix for longer but if landlording doesn't work out we will have to pay big early repayment charges if we sell.

        The lender our broker has recommended (BM Solutions) pays £300 casback on legal fees. Our solicitor is quoting almost a grand so thats...
        21-08-2019, 08:14 AM
      • Reply to Remortgaging to a BTL so much to pay!
        jpkeates
        Most BTL mortgage lenders will use their own solicitor for conveyancing at no (direct) cost to the lender).
        You usually can add the product fee to the amount borrowed - on the basis that you hope the property value increases by at least that.

        While I appreciate that landlording may...
        21-08-2019, 07:48 AM
      • Address wrong on Land Registry Title. A little rant. and request for empathy.
        Logical.Lean
        We are buying a property built in 1847, with some interesting history, and are somewhat frustrated by the both our own solicitor and the vendor and their solicitor.

        Since having our offer accepted, on a house with no chain, either end, it has been 16 weeks, but the last 4 weeks have been...
        06-08-2019, 18:50 PM
      • Reply to Address wrong on Land Registry Title. A little rant. and request for empathy.
        Logical.Lean
        So eventually I phoned the Estate agent and explain that I'm now being told by our solicitor that the vendors solicitor had put in this application, but I'd like proof, if that were possible.
        30 mins later she sent an email, which had an email.from.their solicitor saying it had been done on the...
        20-08-2019, 09:50 AM
      • Solicitors Negligence Question
        Freddie thumb
        I'm read these forums for a little while and just signed up to ask a quick question. I'm not sure if this is 8n 5he right place.

        So I bought a property in 2008 and discovered that the Title to my property was defective in 2015. Basically there was a piece of land on the title of my property...
        12-08-2019, 08:40 AM
      • Reply to Solicitors Negligence Question
        Lawcruncher
        Are you saying that the Land Registry plan does not match the apparent boundaries of the land you occupy? If so, is the problem that you occupy land not shown as yours on the plan or that a neighbour occupies land shown as yours on the plan?
        16-08-2019, 09:46 AM
      • Missing Freeholder and Head Lease questions
        deb_hyp
        Hi,
        I'm hoping one of you lovely wise people will be able to offer advice.

        I own a leasehold flat and the RTM Company (of which I am a director) would like to purchase the freehold. The flat is one of 5 in a converted building. I've tried everything I can to track down the freeholder...
        08-08-2019, 14:22 PM
      • Reply to Missing Freeholder and Head Lease questions
        Gordon999
        The Land Registry records for the freeholder title for your address , will show name of current title holder. You can visit the Land Registry Online website and buy and download a copy of the freehold title for £3 by credit card..

        If the title holder is a company, you can visit Companies...
        12-08-2019, 07:31 AM
      Working...
      X