cost of freehold

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    cost of freehold

    who can help,

    the cost of buying my freehold is £4,800
    the property (house) is 225,000, ground rent is £100/year, remaining years is 993

    is this a fair price
    thanks

    #2
    Originally posted by pocansey View Post
    who can help,

    the cost of buying my freehold is £4,800
    the property (house) is 225,000, ground rent is £100/year, remaining years is 993

    is this a fair price
    thanks
    No. A fair price would be no more than £2500- I'd recommend offering max. of £2000- plus L's legal fees.
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

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