Buying a leasehold from Persimmon - Concerns

Richard_Webster

If enough people refused to buy new leasehold houses builders wouldn't try to sell them as such.

You'll save money by walking away and buying a similar 5-20 year freehold house nearby.

Chanes

Richard_Webster wrote: »

If enough people refused to buy new leasehold houses builders wouldn't try to sell them as such.

You'll save money by walking away and buying a similar 5-20 year freehold house nearby.

Which is what we did, we gave up on new builds because the combination of lease and service charges for the houses were not a sensible proposition. We bought a house that was 25 years old and Freehold with sensible covenants, it cost us to make changes and repairs to the property but the cost and inconvenience far outweighed the idea of a new build (that and the property was bigger with large gardens)

I still like new build houses but only as a Freehold and without service charges with an unreasonable escalator!

johngfoster

If you thought it couldn't get any worse with the Persimmon leasehold scam, they do an interesting take on "freehold." They offer you the freehold interest and you accept the offer. You thought you knew the difference between a freehold and a leasehold. That would be the end of the worry. The papers arrive at your solicitor and you find it is a strange sort of freehold that is still governed by "the lease." Want a conservatory? Pay us a fee. You want to do this or that? Pay us. More money, stretching on forever. Where does it end? Sorry, in Persimmon-world, nothing is straight.