Builders Gone into liquidation

chappers

Yes you will need to speak to the estate agent.

nikki1520

If you need the section 206 agreement, google that and the development name- when we bought our house, getting that was the main hold up, until I got on the Internet- 15 minutes and sorted!

[Deleted User]

nikki1520 wrote: »

If you need the section 206 agreement, google that and the development name- when we bought our house, getting that was the main hold up, until I got on the Internet- 15 minutes and sorted!

Hi Nikki,

Can you give me a bit more info on this? What it is/means?

Thanks

SouthCoast

There is a water pumping station (not quote sure why this is there).

The water pumping station in my recent build development has been under repair on and off for about 5 years!
Same goes for the electric gates.

[Deleted User]

SouthCoast wrote: »

The water pumping station in my recent build development has been under repair on and off for about 5 years!
Same goes for the electric gates.

Can I ask what your management fee is? I have no idea what kind of figure this would be?

I have always bought older properties in the past.

SouthCoast

funk_punk wrote: »

Can I ask what your management fee is? I have no idea what kind of figure this would be?

I have always bought older properties in the past.

Landlord pays together with the costs of maintenance, gardener, lift servicing, recent replacement of the five year old fire alarm system, bulding repairs etc, etc.
Several months rent must go just to pay his liability for the service charges.

[Deleted User]

SouthCoast wrote: »

Landlord pays together with the costs of maintenance, gardener, lift servicing, recent replacement of the five year old fire alarm system, bulding repairs etc, etc.
Several months rent must go just to pay his liability for the service charges.

ok thanks for that think mine is hopefully abit different & cheaper. lol

nikki1520

funk_punk wrote: »

Hi Nikki,

Can you give me a bit more info on this? What it is/means?

Thanks

This is what was holding up our house purchase- it was a repo, so couldn't get it from last owner, and the lender had no interest in providing it.

Basically it's an agreement between the builders and the local council. It includes who is responsible for what - maintenance, provision of services etc, and also what you can and cannot do in the property- for instance I cannot run any business from my property, apart from doing paperwork.

These are sometimes referred to as restrictive covenants- your solicitor needs to know about these in case you will become liable for a large repair to the local church, or can't work as a plumber, or whatever was included in the agreement. Obviously if you buy the house and don't know beforehand, you'd be pretty upset, mainly with your solicitor.

They do sometimes have unusual things in, which is why they need to be checked

Hth

[Deleted User]

Thanks for that, I'm aware of a few things that the Solicitors have highlighted to me. have done abit of searching via Google & its not showing any results. Any tips on what I should be searching for??

nikki1520 wrote: »

This is what was holding up our house purchase- it was a repo, so couldn't get it from last owner, and the lender had no interest in providing it.

Basically it's an agreement between the builders and the local council. It includes who is responsible for what - maintenance, provision of services etc, and also what you can and cannot do in the property- for instance I cannot run any business from my property, apart from doing paperwork.

These are sometimes referred to as restrictive covenants- your solicitor needs to know about these in case you will become liable for a large repair to the local church, or can't work as a plumber, or whatever was included in the agreement. Obviously if you buy the house and don't know beforehand, you'd be pretty upset, mainly with your solicitor.

They do sometimes have unusual things in, which is why they need to be checked

Hth

badgeraudio

Could you look online to see if any other houses on the estate have sold recently.
If they have either pop round or send a letter asking if they know about any costs etc??

Not the ideal way, but they should have a rough Idea, and a good way to meet the new people in the estate??

Mike