Long leasehold house

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    Long leasehold house

    I have been told that a a house i am interested in is a leasehold one with 999 years and no service charges or ground rent (he’s not received a bill since he’s owned it)
    I was really only interested in freehold houses. Should i consider this as being the same as a freehold house ?
    I also a bit concerned that the property has no access to the back of it

    Have a look at the lease. I have one with an annual charge less than £2 and no restrictions. If there are any restrictions you can always walk away.


    Latest Activity


    • Reply to Dissolve company and regain shares
      by ram
      As above post number 2

      The Limited company owns the building, and the flats. ( R.M.C )
      The leaseholdrs become members of the Ltd company and shares are issued to each flat ( one share per flat )
      They then have a share in the company that owns the freehold ( they are not freeholders,
      22-09-2021, 21:22 PM
    • Dissolve company and regain shares
      by LaraJara21
      Good afternoon

      I am the director of a small a residents management company / limited company and We want to dissolve the limited company so each freeholder can regain their own shares. I would be extremely grateful if someone could advise on if this is possible and if so, how do we that?...
      22-09-2021, 11:35 AM
    • Reply to Negotiating a lease extension
      by sgclacy
      If you were to challenge the costs afterwards, almost certainly it would be dealt with as a paper review and is not as daunting as it might seem . The Tribunal generally think that around £350 plus VAT for dealing with the Section 42 Notice of claim and circa £1000 plus vat for the deed of surrender...
      22-09-2021, 13:38 PM
    • Negotiating a lease extension
      by LizLease
      Hi all, I am new to the forum.
      I am looking to extend the lease on a flat (currently under 70 years).
      I received a quote from the freeholder and a valuation from a surveyor (£3k lower than the freeholder's figure).
      I spoke to the leasehold Advisory Service who said to ask the surveyor...
      21-01-2021, 12:44 PM
    • Reply to Renewing the lease and sublet charges
      by Gordon999
      I have some faint recollection that a complaint of " in-house legal team" was raised before a LVT or FTT Tribunal and Chairman decided "in-house team" did not qualify as "solicitor", who are required to conduct CDD ( Client Due Diligence ) before taking...
      22-09-2021, 12:28 PM
    • Renewing the lease and sublet charges
      by mpppen
      I've just about finished the tortuous process of renewing the lease at a flat we own bringing it up to 170 years and no ground rent (yay).

      It is rent out and I do keep getting sublet registration demands from an infamous mgm company on here.

      I've read back through the forums...
      21-09-2021, 18:47 PM
    • Example "Deed of Variation" for extending the lease term.
      by Lat
      I have tried google but there is very little to show. Does anyone have a redacted example of a "Deed of Variation" that they have had to sign?

      The criteria in my case is...

      1. Shared Freehold flat in block of flats
      2. Freeholder is Residents Company Ltd with...
      04-09-2021, 11:24 AM
    • Reply to Example "Deed of Variation" for extending the lease term.
      by Lat
      What is wrong with the following process to register the "Deed of Varation"

      All that is required of me is to get the "Deed of Variation" registered with the Land Registry and provide a copy of the new lease to the Company Secretary.

      The Process.
      22-09-2021, 12:16 PM
    • Reply to Dissolve company and regain shares
      by Gordon999
      The RMC has legal rights under the lease to administer the service charge account and demand annual service charge contribution from leaseholders. . It should not be dissolved because it holds the freehold title of the building.

      If you transfer the freehold title to the leaseholders,...
      22-09-2021, 12:05 PM
    • Right to Manage Costs
      by Pariah81

      I am part of a residents association that is exploring right to manage (RTM).

      We are a 30 flat block in the Ealing area.

      We want to get advice on the process so how much should we be expecting to pay for our legals?

      I'm also aware we have to pay...
      21-09-2021, 13:48 PM