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Confused - purchased flat with new lease but only 98 yrs
m0bov
Posts: 2,741 Forumite
Hi all, I completed on my flat on 22nd March, as part of the sale the vendor extended the lease to 99 years. The 10grand or so, came from my purchase with a mortgage. The lender would only lend if it had 99 year lease and this is shown on the offer.
The sale was done, and the other day I got my deeds in the post. On it it showed the new lease signed on the completion date, but extended from March 22nd 2011 :mad: So giving me 98 years.
I checked my sale of contract and it does say extended from that date. I miss read the year, I queried this with my solicitor who just said the Lease was extended to 99 years and you purchased at98 years. i did point out my mortgage offer is for a 99 year lease.
Why extended it back a year or is this normal?
Cheers all.
The sale was done, and the other day I got my deeds in the post. On it it showed the new lease signed on the completion date, but extended from March 22nd 2011 :mad: So giving me 98 years.
I checked my sale of contract and it does say extended from that date. I miss read the year, I queried this with my solicitor who just said the Lease was extended to 99 years and you purchased at98 years. i did point out my mortgage offer is for a 99 year lease.
Why extended it back a year or is this normal?
Cheers all.
0
Comments
-
It was 99 years until 22-3 2012. If you completed after that date it was 98 years and x days.
I suspect they too the original date of grant, 22 March XXXX and added Y years to make it 99 at 2011.
Just a lack of specificness at negotiation stage.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
Sue your solicitor!
No!, sue the seller!
No! Sue the Land Registry!
There must be someone you can sue!
Or (to follow the example on another recent thread) call the police as you've been robbed of a year!0
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