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  • Loss of sale following unreasonable fees request from new freeholder
    by seagull
    My daughter's flat sale has fallen through after the new freeholder sent his fee requirements to the prospective buyer's solicitor. The lease requires notice fees of £10 plus vat for assignment and mortgage. The freeholder says he requires £250 for each plus another £250 for a deed of covenant which...
    28-02-2020, 14:03 PM
  • Reply to Loss of sale following unreasonable fees request from new freeholder
    by Anna1985
    I would start with solicitor's letter to the freeholder to point out couple of lines in the lease and then you have incurred the cost of loosing a sale due to the uneasonably high fees.

    However I would leave it at that - as going to FTT would be a red flag for prospective buyers.
    ...
    28-02-2020, 17:17 PM
  • Selling of freehold, shareholder refusal
    by debzb
    My husband had an offer on his flat back in April 2019, he owns 25% of the freehold and 100% of the leasehold on his individual flat. Unfortunately, one of the owners died so he had to wait for the family to get probate. In the meantime the other 3 freehold owners signed ID1 and TR1 forms and a deed...
    28-02-2020, 17:12 PM
  • Reply to Loss of sale following unreasonable fees request from new freeholder
    by AndrewDod
    Abuse by a freeholder (or a majority lessee) to prevent lease sales at market price is a key mode of fraud in the freehold sector. Often the freeholder will then buy price-depressed properties (where they themselves have caused that price depression). A lot of things that sould be completely illegal...
    28-02-2020, 16:15 PM
  • Reply to Freehold enfranchisement
    by shaltout
    Thanks, LIP,

    I may agree with you if developers are well known, creditworthy and ready to provide answers to basic due diligence questions.

    There is also the unknown risks one could be exposed to which are endless.

    I'm actually actively thinking of selling the...
    23-02-2020, 13:22 PM
  • Freehold enfranchisement
    by shaltout
    I bought the leasehold of an ex-council flat in a block of 12 units, my lease term has 95 years remaining.

    I and the other leaseholders have been approached by an investor/ developer to arrange to buy the freehold of the block from the council on behalf of the leaseholders, pay legal fees,...
    21-02-2020, 14:53 PM
  • Original Lease Unavailable
    by wolvaughan
    I’m currently selling a shared ownership property, the buyer is purchasing the whole flat and I’ll be staircasing to 100% on the day of sale.

    The Buyer wants an original copy of my lease, nobody has one but the Land Registry does have a copy with a red lined title plan.
    ...
    03-02-2020, 12:29 PM
  • Reply to Original Lease Unavailable
    by Lawcruncher
    What was dematerialised was the register. The register, both before and after dematerialisation, is the title to the property. The original documents cannot, and never could, be used to prove title, but that does not mean they cannot be produced in evidence in a case which does not involve proving title....
    23-02-2020, 08:54 AM
  • Reply to selling of property question
    by Protoknight25
    Provided your name is on the title register has an owner (registered proprietor) any sale of the property would need your involvement.

    The property belongs to you (in part) and you need to sign any papers transferring the property. Any solicitor buying or selling such property, would...
    23-02-2020, 08:20 AM
  • selling of property question
    by Bill31
    If a sibling was to sell a property and my names was on the deeds, can they sell it without me knowing?
    or would the solicitor pick up on this and advise them another person is on the deeds?
    26-11-2019, 07:07 AM
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