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  • FIRST POST
    • MillerHomesBuyer
    • By MillerHomesBuyer 29th May 17, 12:07 PM
    • 4Posts
    • 0Thanks
    MillerHomesBuyer
    Problems with a leasehold
    • #1
    • 29th May 17, 12:07 PM
    Problems with a leasehold 29th May 17 at 12:07 PM
    Is there anybody that has a Miller Homes new build, where the lease got sold on before you had chance to purchase it ( before you had been in the house 2 Years). ? Did you feel that things regarding the lease were not explained before you purchased and wouldn't have purchased it if you had known this beforehand ? ( Miller Homes / Homeground / Adriatic Land Ltd 5 )
    Anybody got any tips on buying it back ?
Page 1
    • reeac
    • By reeac 9th Jul 17, 6:55 AM
    • 1,064 Posts
    • 425 Thanks
    reeac
    • #2
    • 9th Jul 17, 6:55 AM
    • #2
    • 9th Jul 17, 6:55 AM
    There's a big article about the selling on of freeholds in the Guardian Sat. 8th July. Sounds like a big scam that needs to be stopped. I suggest that you contact your MP.
    • AnotherJoe
    • By AnotherJoe 9th Jul 17, 9:01 AM
    • 6,898 Posts
    • 7,337 Thanks
    AnotherJoe
    • #3
    • 9th Jul 17, 9:01 AM
    • #3
    • 9th Jul 17, 9:01 AM
    It's not just Miller Homes, it's a scam of nationwide proportions affecting many builders some of whom are backing away from this obnoxious practice even if only because it's toxic to their reputation, resale values and by extension, sale values.
    • zagubov
    • By zagubov 9th Jul 17, 11:46 AM
    • 14,493 Posts
    • 124,658 Thanks
    zagubov
    • #4
    • 9th Jul 17, 11:46 AM
    • #4
    • 9th Jul 17, 11:46 AM
    Leasehold house ownership seems to be a totally unnecessary, disadvantageous and defective system of house purchasing.

    It's almost the equivalent of having to buy a (admittedly sizeable ) share of ownership while having to pay rent for the other fraction. What's worse the fraction of the house value you don't own can potentially increase faster than the share you own as is the price you'd need to pay to make your ownership up to 100%.

    I just don't see the justification of its continued existence for residential property. Most other places see no need for it whatsoever.
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
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