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Investments gone wrong!!

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  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    MrsCurly wrote: »
    Thank you!

    Any advise from anyone regarding the rogue management company/freeholder (both the same person)?

    We wouldn't really want to take this all on by ourselves and be liable for maintenance and communal bills but I think this would also effect the sale price so looking for a silver lining somewhere...

    I'm not all that familiar with the leasehold/freehold set up you've got in England. However, I think they have certain legal obligation with regards to buildings insurance and repairs since you have a lease with them or something. This Shelter link might be useful:


    http://england.shelter.org.uk/get_advice/Buying_and_selling/finding_a_place_to_buy/complaints_about_freeholders


    What about the other 4 leaseholders in the block? Maybe you could all get together to sort the freeholder out and possible buy the freehold yourselves.
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    May I suggest that you also ring Business Debtline and have a free and impartial chat with them about your situation.

    https://www.businessdebtline.org/
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
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