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Yattyyak
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Last Activity: 25-02-2021, 19:15 PM
Joined: 20-02-2021
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  • There are 2 lease’s current one 63yrs and Reversionary lease 999 years starts 2084.
    The lender is querying does the 999 lease start automatically and at no cost , as the new lease doesn’t say anything about it .Also ground rent in 2084 starts at £500 but anything over £250 outside London...
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  • Yes we think it’s a company now , as originally was a developer and changed in 2015 owned by the leaseholders as a lot of the directors all seem to either live in the flats or very much locally .
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  • Lending isn’t the issue , the only other 1 bed flats where I live are £265k and 12sqm smaller and only 125 lease and £1300 maintenance.
    HELP TO BUY we’ve looked at and decided it’s just a con as whilst gov lends you 20% developers have just added 20% to the house price and at the end of...
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  • Reading the freehold on land registry it does say the Ground rent covers maintenance of the shared areas .
    Forgot to point out these are maisonettes ie 1 flat downstairs 1 upstairs all have their own entrance .
    .
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  • Yattyyak
    started a topic Lease 63years & 999years added

    Lease 63years & 999years added

    Hello hope someone can advise any help most appreciated.
    we are in the process trying to buy a flat .
    There is what seems now a management company set up and taken over the freehold from the original developer and the directors seem to be people who live in the flats or other that live elsewhere...
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