PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Hit a snag on purchase of ex-council flat in Islington

Options
2»

Comments

  • phill99
    phill99 Posts: 9,093 Forumite
    Part of the Furniture 1,000 Posts
    abankerbutnotafatcat wrote: »
    The difference is that this is a leasehold whereas if it's a freehold you still own the land. Hence why I asked what the lease says? It may be that the freeholder i.e. LBI is obliged to reinstate or compensate if they don't.

    Then surely it would be more appropriate to have a reinstatement clause in the lease, to ensure that the council are duty bound to rebuild.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • Richard_Webster
    Richard_Webster Posts: 7,646 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I don't know what TimmyT and any others - Jeffrey Shaw(?) - think but I'm inclined to think this solicitor is being over fussy.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • abankerbutnotafatcat
    abankerbutnotafatcat Posts: 1,161 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    phill99 wrote: »
    Then surely it would be more appropriate to have a reinstatement clause in the lease, to ensure that the council are duty bound to rebuild.

    That's what I said. How does the lease handle that situation?
  • jmd4211
    jmd4211 Posts: 52 Forumite
    Does anyone with any knowledge of the workings of councils have any idea how long they may take to have a look at this request to amend the lease? The wait is killing me!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture