User Profile

[Gordon999]

The Government intends to control extortionate demands by managing agents and you can make a complaint to Housing Minister:

https://www.gov.uk/government/news/n...old-homeowners

[Gordon999]

Press release ( 1 April 2018)

New crackdown on rogue agents to protect renters and leasehold homeowners

Private rented and leasehold sectors will receive stronger protection from unfair rogue letting and managing agents thanks to new government proposals.

http...

[Gordon999]

The normal CGT rate is 18% or 28% on capital gains calculated after sale of the asset.

There is a special 10% rate for retiring business persons after disposal of property assets which were part of the business . You need to consult a tax accountant to ascertain if you can qualify as...

[Gordon999]

I would expect the cost of £210K to buy the freehold title will be shared by those flats with 53 years remaining on the original lease and paying annual ground rent.

The flats which have already paid the cost of statutory lease extension and now on peppercorn ground rent will contribute...

[Gordon999]

I suggest you place small advert in local paper for consecutive 3 weeks asking for "contact with the freeholder in connection with your application for extension of lease". This will provide proof to the Court that you are unable to locate the freeholder.

[Gordon999]

Ask the other leaseholders to support you for collective purchase of the freehold title.

[Gordon999]

Ask your conveyancing solicitor to buy the insurance.

[Gordon999]

You have to ask the seller's solicitor on what is the shortest time possible to remove restriction. But you can also ring the Registration Team for the Land Registry Office serving your area and ask the same question and if any short cuts ?

[Gordon999]

Under the leasehold system, the property ( semi) and external land within the boundary fences legally belongs to the freeholder,

The leaseholders owns a long term rental contract for the "demised area" and has the right of use for 99 /125 years years or for whatever unexpired...

[Gordon999]

If the deficit arises from the audited service charge accounts, it means the money has been spent and any deficit in service charge account for that year must be recovered as "under payment" or "arrears" by the RMC . The next service charge demand would be issued to show the...

[Gordon999]

This link to LEASE 's guide to RTM includes a definition of apurtenant property :

https://www.lease-advice.org/article...tate-of-flats/

[Gordon999]

Your tax return for 2017/2018 to report rental income would include the rental income of £3200 and expenses paid to cleanup incurred up to April 5th. and any loss in 2017/2018 is carried forward to next year's tax return. The bills paid for clean up in flat after April 6 are entered in the...

[Gordon999]

You need to pay for a consultation with a local accountant firm to identify which bills can be set against your rental income. ( by face to face meeting with your bills and receipts ) before you complete your tax return.

Look for a shop offering bookkeeping & VAT records service for...

[Gordon999]

The RMC has legal powers to demand payment of service charge including any deficit for your building and the Directors of RMC can make claims through the Small Claims Court ( which is under the County Court ). Some managing agent companies will instruct a debt collection company which adds their...

[Gordon999]

Your complaint should have been made within one year of property completion by the builder or repair claimed under the NHBC 10 year guarantee

You can make complaint to local council if there is corrosive liquid entering your parking bay.

[Gordon999]

Valuation is done by a chartered surveyor and you would ask him/her not to double count if the parking space is already included in the price of the flat....

[Gordon999]

Sounds OK to me.

I hope you realise that your lease has fallen below 70 years level and many high Street mortgage lenders will not offer mortgage to a prospective buyer. So if you understand the situation with the APPG in Parliament, you should keep pressing your MP to give support....

[Gordon999]

You can open a business account paying interest and get instant access to withdraw but I don't know if there is any restriction imposed on the withdraw amount :

https://www.money.co.uk/savings-acco...s-accounts.htm

Best rate available in the market seems to be offered by...

[Gordon999]

Reasonable should be a figure agreed by both sides or a figure fixed by FTT or UTT.

JKO 's figure of £40 is reasonable because it comes from a decision made by the UTT

The MA 's demand for £130 is "not reasonable" because it is not a figure in the terms of the lease...

[Gordon999]

The audited accounts should have been made available to leaseholders within 6 months from end of year but some suppliers such as electricity companies are late reading the meter and late sending their billing after the year end which causes much delay. The service charge billing on each flat...