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Developer now informed us our house is leasehold rather than freehold

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Comments

  • westv
    westv Posts: 6,493 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    G_M wrote: »

    Where there is a block of flats, the flat owners cannot (individually) own their flats on a freehold basis


    Not correct. True freehold flats do exist but they are rare. I know they do because I own one.
  • Freecall
    Freecall Posts: 1,337 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Do you really want to own the freehold of a bin store?

    The on-going responsibilities for maintenance and cleaning sound like a nightmare. You may well get ground rent and service charges from the users but just collecting these sounds like a headache to me.
  • elrichio86
    elrichio86 Posts: 19 Forumite
    If they've sold it to you on the basis that its freehold, when it should have been listed as leasehold all along, then presuming you're still interested in purchasing it I would demand a rather hefty discount on the price.
  • Pete9501
    Pete9501 Posts: 427 Forumite
    Tenth Anniversary
    stator wrote: »
    It's entirely possible they could sell it as a freehold but with covenants attached regarding the bin store.

    However personally I would use this as an excuse to withdraw and demand your money back.

    Indeed, we have just escaped from such an arrangement. Service charges for grounds etc but maint of the house was our responsibility. Never again. Service charges for the house were only slightly less than the nearby flats at £2400 a year.

    Pete
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