What it is going to be?

[Anna1985]

The economy would benefit greatly from the money going into the economy not being stuck in illiquid assets. Clearly the government disagrees

[Anna1985]

Energy prices up, food prices up, inflation up, taxes up.

What is going to happen to house prices? Are they to go up? Or we are going to witness something not seen for while?
House prices going down/salaries going up?

[Anna1985]

LAD , so the problem here is not a greed freeholder, but a greedy leaseholder who went with development without consent.

For example, we are now thinking of allowing roof extension and discussing the best way forward

[Anna1985]

Possibly in the future, but looking at grenfel and other things - I would not be waiting...

[Anna1985]

No, you cannot. If it is demised to all flats, you need to update all leases

[Anna1985]

I'm saving up for the trip to Belgium (way cheaper than Switzerland)

I do have assets and work and I feel that assets are undertaxed, with income being overtaxed

[Anna1985]

It depends on the lease. My lease doesn't cover management costs - only the maintenance costs.
what does your lease say?...

[Anna1985]

Section20z , hahaha, well no. Just don't want to get into into the problems in the future.

[Anna1985]

How many flats in the property?...

[Anna1985]

sgclacy,

Thank you.
Yes, it is a lessee of the top floor.
and the 1st case - is it when freeholder wants to extend the roof and sell the lease?

Thank you

[Anna1985]

Thank you. How does it actually work - all leases are updated or just the one for the beneficiary?
thank you...

[Anna1985]

Hi,

Could you please help!

Roof Extension apart from the planning permission, is there anything else to aware lease wise?

Currently costs of maintaining the roof are split equally between leaseholders.

If there is an extension - what should happen?...

[Anna1985]

You were given quite good options and none to do with banks..

[Anna1985]

Yours, Around here about £300K would buy a 2 bed freehold property in a half decent area - so would the numbers stack up? I'm not a high rate tax payer - and may actually decide to retire so tax on income from this I doubt would get near the tax threshold.

A quick look tells me that £125K...

[Anna1985]

Check all leases to see if there is right of way...

[Anna1985]

Your numbers don't work for me, what about void, decoration, hassle of arranging all these checks

[Anna1985]

Yes, ask for the gas safe registered engineer report and also advise that the damage to the wall should be fixed.

[Anna1985]

eagle2 , you need to have a willing party to talk to and sometimes you just cannot agree on the common point unless you have a court decision...

[Anna1985]

Indeed and as we are all moving to green deals etc - I would be either waiting or planning for heat pump...

[Anna1985]

They were talking about it for the last 10 years, while there maybe change - i would die to know what it would be. Practically, can you wait or there is pressure to get leases extended?...