Hello All,
I am currently in the process of purchasing my freehold from the current owner. The property only has 2 flats and 2 leases, i am glad to say that the relationship with the second leaseholder is amicable. I just wanted some advice on how best to proceed. Would you recommend both...
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Transferring Freehold when only 2 leaseholders.
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Service charge bank account.
I am having trouble opening a bank account for the service charges for the building that I am freeholder for.
It is a small building with 3 leasehold residential flats, and the freehold is held by my LTD company that owns One flat and the personal name of the owner of the other flat. ... -
Does the RTM get dissolved when the Freehold is purchased?
Last year we successfully set up a RTM, taken over from our Freeholder. 3 of us became members of the new RTM Limited company (only 6 flats in the building). The Chairman of the RTM had his own property management company so was appointment as the company to manage the building.
We then purchased... -
Purchasing a freehold building containing flats
Hi all,
Hoping someone out there may have come across this before.
I am in the process of purchasing a flat. The flat was advertised as freehold, and on further investigation I have found that:-
- The flat I am purchasing is one of three in the building
... -
Buy freehold informally - appropriate steps
I own a leasehold flat, one of only 2 flats in a conversion. Myself and other leaseholder want to purchase freehold as lease only 65 years remaining. The freehold is owned jointly by a husband and wife who are divorced but have both agreed in writing that they are willing to sell the freehold. We... -
Buying freehold and variation off lease
Hi,
I am a leaseholder in the upper flat in a block of 2. I approached the freeholder as I was considering doing a loft conversion and after exchanging a few emails, the freeholder suggested I might want to purchase the freehold with the other leaseholder. The other leaseholder is... -
Is it worth buying freehold if flat is currently on a long lease...?
The majority of members of our flat block are jointly purchasing the freehold of the building at a cost of approximately £10K each. As there are 20 out of 30 flats already on board with this, I have the opportunity to join them or opt out.
My question is, is it worth spending £10K+... -
Purchase of Freehold a tax deductable expense?
Just completing my tax return & looking for guidance on whether the purchase of a share in a freehold is a tax deductable expense or not? I own a leasehold flat and together with the other flat owners bought the freehold from the Council in February last year, for £2500 including legal expenses.... -
Clarification on share of freehold when Company bankrupt
Can anyone please help me gain clarity on what happens to a share in a freehold Company when Company goes bankrupt.
We own a 1/8th share in the Company owning the freehold for a block of flats (as do 7 other lessess, one of whom owns a majority share, and has probably engineered the bankruptcy).... -
Loan to nominee purchase company
We are a block of five flats considering a collective enfranchisement (CE) action in which all leaseholders wish to participate. The long leases on four of the five flats have already been extended (by 99 years), but the fifth flat has not with only around 60 years remaining. In order to minimise the... -
Purchasing freehold as sole purchaser: Ltd co v private?
Hi
I've searched the forums but not found an answer to this, as it seems the main answer is "It depends"!
A bit of background: I am in the process of buying the freehold for the house that I own one of the flats in (BTL). We were originally trying to buy as a... -
freehold purchase - virgin solicitor
I am a leaseholder of 2 out of 6 flats in a period building in Leamington Spa.
I made a private offer to the freeholder (and developer) to buy the freehold. I am not a qualifying tenant for collective enfranchisement, as I only bought the flats in February this year.
The... -
Share of Freehold costs
Hi All,
This is the first time I am using this forum so here goes!!
I currently live in a converted church where there are about 34 flats. The majority are interested in owning a share of the freehold and I am keen to get involved.
Does anyone know roughly how much this... -
Where are actual costs of lease extension/freehold purchase recorded?
Hi everyone,
I was just wondering where the actual cost of lease extension or freehold purchase were actually recorded? is here a body that stores them all?
Thanks, richard -
Registering a s13 LRHUD notice by UN1
Hi all,
When registering with the Land Registry the Initial Notice by Tenant issued under s13 of the Leasehold Reform, Housing and Urban Development Act, who is considered the "applicant" (or beneficiary) when filling out form UN1.
Is it the qualifying tenants...