freehold house purchase

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    freehold house purchase

    I’m after some advice please for my partner’s parents. They have 2 properties on leasehold.

    Property 1:

    They have asked the management agents who act on behalf of the landlord about buying the freehold as they wish to sell the house. The letter they received was a request for £235 from another company (not the managment company)who represent the landlords. It has no details of what they get for the money and they also state if they pay £325 it will be processed quicker?

    I’m in the thinking of composing a letter saying that we require details about the landlord/s so we can contact them directly as I’m a little bit wary of this letter with the demands for a figure without anything being done except a fee to process the application. I would think this is classed as unreasonable costs already but I’m not an expert.

    Property 2:

    They purchased a bungalow that was a wreck at auction. After unsuccessfully trying to contact the landlords to pay the rent and discuss buying the freehold they are in limbo about what to do next. The paperwork they do have has the landlords address but they fail to communicate back via their own solicitor. My main concern on this is the lease expires in less than 25 years time and the property is now valued at 4 times what was paid (major repair work). The paperwork from some years ago asked for £20k to buy the freehold. What are the options and can we force the landlords to at least communicate or force the sale through arbitration even if they object.


    thanks

    #2
    Lease-advice.org gives valuable advice on enfranchising your freehold and lease extension using the rights in law for leaseholders. It's government sponsored so can be trusted.

    You can get your freeholders' names from the Land Registry website by downloading a copy of the title for £3 each. Make sure you use the .gov website and not one of the many money grabbing fakes!

    Comment


      #3
      If the freeholder is a company , you can make a check for the company's registered address and directors names at Companies House Records.

      You can also check if the company asking for £235 enquiry fee has the same registered address and directors ?

      You can download the free guide to enfranchising a leasehold house from www.lease-advice.org .

      Comment


        #4
        I have the details of the freehold via the land registry but the company in question went into liquidation in 2008 & that's were the trail ends. As far as I'm aware the company was brought out so I'm thinking that the person has also acquired the freehold but who? Plus there are 2 other names which I've tracked to another company?

        I've cross referenced the management company & directors but nothing has linked them except that the 2 parties (management company & agents)were involved again in a dispute with someone buying a freehold & it ended up in an arbitration - on that alone I'm suspicious. Yes it may be nothing but both linked together from a previous case?

        Comment


          #5
          You should be able to check Companies House records for name of 2008 Liquidator Firm and if the company in liquidation was actually dissolved , in which case the freehold may have paased to the Treasury office solicitor. You should use the company number to track the change of names.

          You need to study the free guide to work out cost of buying the freehold for the leasehold bungalow with only 25 years left on the lease.

          Comment


            #6
            If the freehold held by dissolved company has passed to Treasury Office , this website for Bona Vacantia may help :

            https://www.gov.uk/apply-to-buy-your...reversion-bvc4

            Comment

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