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    • MSE Jenny
    • By MSE Jenny 8th Mar 12, 1:54 PM
    • 1,218Posts
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    MSE Jenny
    Buy Your Freehold - guide discussion
    • #1
    • 8th Mar 12, 1:54 PM
    Buy Your Freehold - guide discussion 8th Mar 12 at 1:54 PM



    Hi all, we've written a new Buy The Freehold guide to help you buy your freehold or get the right to manage.

    How did you find the info? If you've done it, how did it go and do you have any other tips you'd add? How much value do you think it added to your property?

    Thanks
    for your help!


    MSE Jenny

Page 8
    • megaginge
    • By megaginge 6th Oct 17, 5:25 PM
    • 346 Posts
    • 287 Thanks
    megaginge
    There is no reason to be anxious, you have 732 years left on the lease. Long enough for the new owners and many generations of their heirs to not have to be concerned about renewing the lease. The only downside of owning the leasehold estate of a house - and there may be others, I am no expert - is if you want to alter or extend the property you will need permission from the freeholder. Probably not a problem, however, you will need to pay the freeholders surveyors and solicitors costs in order for them to make the decision. That may put some folk off, again as in MaryMay's situation I would have expected your solicitor to have informed you of this before you purchased. Having said that, there may be a clause in your lease which allows extensions and alterations as long as you comply with all statutory requirements e.g. planning and building control permissions, check your lease.

    You will probably find all the info you need on the government-funded leasehold advisory website.

    It is unlikely that the two people named on the freehold title are the freeholders when the lease was created. The title would have been passed down to their heirs when they died and probably sold on or passed down through the generations of the family. It could have been that they both died intestate - i.e. without Wills - but there would have to be no surviving relatives who knew about the title. You know what they say, where there is a will, there's a relative
    Originally posted by GTG
    Can the poster not apply for a Vesting order in this circumstance and take control of the freehold in that way?
    Hello There.
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