Buying the freehold of a new build Persimmon house?

zzzzbe

Lockylocky10 wrote: »

Keep me updated on this one! Im in the same boat at the moment, i'm going to put it to Persimmon tomorrow and ask them to put it in the contracts that we get first refusal of the freehold!

Did this work :Lockylocky10

Redman2988

I am going through the same process at the moment.

Leasehold House - 999 years - £150 Ground Rent for first ten years and £151.33 current Service Charge.

I can't remember the provisions for ground rent and service charge but it doesn't appear too onerous. Although there are some provisions saying we can't alter it without paying a fee etc

However solicitor has raised the enquiry asking for the freehold to be included as we were told by the sales lady onsite that there was a right to buy the freehold in the lease. They'll say 'No'. The solicitor will ask why and they'll come up with a random 'commercial'nreason as to why it can't be done now.

I am tempted to let it get to exchange day and then try the usual gazumping tactic to get the freehold but doubt it will work.

nikkih72

Any updates on this thread ? we were due to go view persimmons houses today, but after reading about these leaseholds, i don't wanna go and fall in love and fall into the trap

debtisnotme

nikkih72 wrote: »

Any updates on this thread ? we were due to go view persimmons houses today, but after reading about these leaseholds, i don't wanna go and fall in love and fall into the trap

Are you sure that the houses you are looking at are not freehold? They are not all leasehold, my sister is buying a freehold house from Persimmon in Exeter.

bryanwildman

Join this fb group National Leasehold Campaign to read about the National Leasehold / Fleecehold Scams which include many building companies including Persimmon who are still in denial.

nikkih72

debtisnotme wrote: »

Are you sure that the houses you are looking at are not freehold? They are not all leasehold, my sister is buying a freehold house from Persimmon in Exeter.

We have now purchased a freehold from Persimmons, am really happy with everything as is it is progressing, some of the covenants have been corrected and have it all in writing, mortgage approved and now waiting for exchange of contracts, should be within 3 weeks

[Deleted User]

Good on you. the right decision. Leaseholds are toxic assets. What they don't tell you is that you may think you bought a house under leasehold but you didn't, you are a tenant and you might as well pay rent!

Touchstone7

I've lived in 6 countries and worked in the property industry for decades. Only in England is this con able to exist. I worked in US property for several years. The Berry concept of leasehold a private house is laughable.

Please tell me why you think it is beneficial or acceptable to introduce leasehold to private homes in this day and age. What possible benefit do they afford the purchaser?The one and only reason for the introduction of leasehold is to line the pockets of the developers after they sell the lease on to companies that buy them. These companies are seeking a long term and escalating income stream that offers zero benefit to the house purchaser. Only in Treasure Island, aka England, would this be allowed to happen. It is truly an indictment of the type of country we have become that anyone is allowed to get away with it.

Touchstone7

I've lived in 6 countries and worked in the property industry for decades. Only in England is this con able to exist. I worked in US property for several years. The very concept of leasehold a private house is laughable.

Please tell me why you think it is beneficial or acceptable to introduce leasehold to private homes in this day and age. What possible benefit do they afford the purchaser?The one and only reason for the introduction of leasehold is to line the pockets of the developers after they sell the lease on to companies that buy them. These companies are seeking a long term and escalating income stream that offers zero benefit to the house purchaser. Only in Treasure Island, aka England, would this be allowed to happen. It is truly an indictment of the type of country we have become that anyone is allowed to get away with it.

Touchstone7

Begs the question why they can do that in some locations but not others.