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Bellway homes
zaksmum
Posts: 5,529 Forumite
Just been to see a Bellway Homes estate with a view to part exing my house for a new build.
The salesperson said they will only offer a price on my house guaranteed to sell in 4 weeks! Also, on a 4 bed detached, there's £200 a year lease money payable and also a maintenance charge of £220 a year.
And the lease is only 150 years. I always thought leases were granted for around 999 years - does this mean, technically, that ownership of the property reverts back to the lease owners after 150 years? Not that it'll be worrying me then, but that's not the point!
Are all these conditions usual on a new build house?
The salesperson said they will only offer a price on my house guaranteed to sell in 4 weeks! Also, on a 4 bed detached, there's £200 a year lease money payable and also a maintenance charge of £220 a year.
And the lease is only 150 years. I always thought leases were granted for around 999 years - does this mean, technically, that ownership of the property reverts back to the lease owners after 150 years? Not that it'll be worrying me then, but that's not the point!
Are all these conditions usual on a new build house?
0
Comments
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Yes, that's what a 150 year lease means. However, it's all negotiable, or just don't buy it.No reliance should be placed on the above! Absolutely none, do you hear?0
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