Investments gone wrong!!

Pixie5740

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

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/