Hows about this for a leasehold try-on?

oldwiring

From a Rightmove listing in my town comes this.

No.60 has approximately 66 years remaining on its lease. 
All purchasers are required to complete an application to purchase,
 provide proof of age, pay an admin fee of £350. 
Once this has been received, the Management Company
 will send the purchaser a Purchase Information Pack 
& arrange a meeting with the house manager.

The estate agent omits essential details of annual ground rent and services charge, which hinders anyone from getting any idea of the cost of extension; this also applies if charge and ground rent are combined.

In this case the management agent is over 100 miles away in N.London, and acts for other properties on under 80 year expired terms.

It's time we got Brexit over one way or the other, or cancelled, so the leasehold racket can be killed. Estate agents too should be compelled to include data that covers such essential items, without potential buyers needing to ask.

It's a shame for them that they may have to forget words like spacious. After all any property has to consist of space. Of what else could it, be it Buck House or dog kennel.:mad:

da_rule

This isn’t a retirement flat is it? Just the reference to age etc is somewhat odd.

diggingdude

Why not put a link to the posting. No one will stalk you from it

eddddy

diggingdude wrote: »

Why not put a link to the posting. No one will stalk you from it

https://www.onthemarket.com/details/6490980/


It is a retirement property.

With retirement properties, I think it's usual for the Management Co to want to see proof of age, and have an 'interview' with the prospective buyer.

But wanting a £350 fee seems unusual and excessive.

oldwiring

That's the one. None of the other listings have such terms, even if the same manager controls them. All else that is "special" is its previously being the warden accommodation.

As can be guessed, some time we shall consider down sizing but not for a few months, hence my interest, and also with bungalows.

da_rule

I’m struggling to see what the issue is. It clearly states it’s a managed apartment for those aged 55 years and over. Yes, the fee is perhaps a bit steep, but they are clearly advertising it in advance so no one should be surprised by it.

oldwiring

As I said @da_rule, no other local property, retirement or otherwise, managed by the same outfit,or any other, including MacCarthy & Stone and Churchill has it.

I struggle with the idea that any sensible person would accept such conditions. May the property linger years unsold, for the conditions.