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Thank you.Comment
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Mysteries of getting clear formula
These responses seem to suggest some experience - I have been trying to find a downloadable or online formula or calculator that will let me work what the cost of purchasing a share of the freehold would be for a leasehold flat that I part own. Any suggestions please?Comment
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Quickest:Originally posted by Maelich View Post
go to Leasehold Advisory Service website, and select appropriate bit where formulae (with worked examples) will pop up before your very eyes.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).Comment
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Thanks
Thanks - that site is helpful, but they don't provide the tables for calculating values at 5% yield or make clear where you get the figures from to calculate reversion on different terms...But it was definitely useful so thanksComment
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United Scientific Holdings v Burnley Borough Council
Does this case mean that for a residential lease failure to give notice of GR increase during the review period doesn't matter? I.e review can be at any time, even after specified review date?11-08-2022, 14:47 PM -
Reply to Freeholder Premium to consentNo unless the lease says so, you don't generally need consent to replace a bathroom or a kitchen...12-08-2022, 01:33 AM
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Hi all,
I am looking at extending my leasehold flat by adding a newbuild next to the loft (will be erected on top of the first floor). I have just asked my freeholder for the process to follow. In the past they have asked me to pay a "Landlord’s premium for the consent to be established...11-08-2022, 16:20 PM -
Hello!
Any disadvantages of Share of Freehold?
Also why some say 'Freehold/Share of Freehold' but also mention 100 years left on the lease?
Thanks!11-08-2022, 20:52 PM -
We’ve got one that is set up like this. We must be lucky as we’ve had no bother at all and get on really well with the other 3 owners. It’s actually given us the opportunity to buy more of the units.11-08-2022, 22:57 PM
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Reply to Freeholder Premium to consentMany thanks both for your answers.
Anyone has view on the last part of my query? (re. replacing the bathroom and kitchen)11-08-2022, 22:43 PM -
Simple answers in reverse order
Share of freehold does not mean you do not have a lease. You still have a lease which has a fixed term (and you are still bound by all of the obligations under that lease). All it means is that you are a joint owner of the freehold.
Plenty of...11-08-2022, 20:58 PM -
Reply to Freeholder Premium to consentThe simple answer is no you can't do what you think you can. At the very least you would probably need to pay the FH at least 50% of the uplift in value of your property. The "not cutting timbers stuff" is not relevant to building something outside of your demise.
The FH might...11-08-2022, 20:12 PM -
Reply to Freeholder Premium to consentMany thanks for the answer. I am already looking at buying the freehold title. Just need to convince the other leaseholder!...11-08-2022, 19:15 PM
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