So Annoyed!!

babe_ruth_3

Welcome cupit - love the name: rotfl:

I mean cupid !!

courtjester

cupid_stunt wrote:

I was under the impression that properties were always leasehold unless stated otherwise. It should not be assumed it's freehold.

But find out how much it would cost to buy the lease and then reduce your offer a bit

Make assumptions at your peril - no-one else will be responsible because you think something should be different to what it is....you can't 'assume' a property has any title or status unless you check this out.

As regards the future of the purchase, I would say that buying a leasehold property with only around 70 years left should not be considered unless you treat it as 70 years rental - as time goes on, it becomes less attractive as an asset and much more difficult to sell.

If [office] is keen on the property, the best approach would be to make an offer based on the vendor changing the status from leasehold to freehold (at the vendor's expense) - this will take time and may not be viable. If the status can't be changed, I would say walk away - there are plenty of other properties out there.

clutton_2

first on the stress list is death of a close family member

Tassotti

Puts all things into perspective...

Then a birth...puts things into another pospective...

Be lucky and happy to everyone

Tass

clutton_2

nice one Tass - at the end of the day we are lucky to have health, food, family, a home, and good company - half the world does not - as you say, lets try to put our problems into perspective and not get tooooo stressed about smaller matters. its been my experience that sometimes if you do nothing, problems sort themselves out

xela_17

I would never even have thought that a 3 bed house could be leasehold. :eek: Is this is a common occurence?

Tassotti

xela_17 wrote:

I would never even have thought that a 3 bed house could be leasehold. :eek: Is this is a common occurence?

I thought much the same
What's going on? There is surely more to this than meets the eye

mando_2

It's quite common round here in Sheffield. Most houses are leasehold, whether they are terraces, semi-detached or detached houses, 1, 2, 3 or 4 bed. It's actually rarer to get a freehold here.

clutton_2

a lot of leasehold houses in lancashire also

cupid_s

my parents live in a nice house really and all the houses there are leasehold. theirs is a decent sized 3 bed semi. they've just purchased the lease for it as there was only 65 years left. I think that it only cost £3000. there are lots of houses like this leasehold in birmingham where they live