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Where to find freehold new builds?

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Comments

  • Cornucopia
    Cornucopia Posts: 16,568 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Leasehold and Freehold are two separate things. (There is also "Share of Freehold").

    https://www.moneysavingexpert.com/mortgages/what-is-a-leasehold/
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Freehold.

    We bought new build from the developers.

    There are no maintenance or service charges in this development.
  • 8ofspades
    8ofspades Posts: 141 Forumite
    Thank you for the information. Very interesting and good to hear
    So - no service charges whatsoever?
    Are you leasehold or freehold?
    Do you pay any ground rent?
    Were you the first owner?
    Sorry for so many questions! Genuinely interested as it's very unusual.

    I don't think it's that rare. Our development has mainly freehold houses with no charges - some have a small service charge, but only on small, unadopted roads.
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    No ground rent either sorry.
  • Oxid8uk
    Oxid8uk Posts: 224 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 2 August 2019 at 9:58PM
    Thank you for the information. Very interesting and good to hear
    So - no service charges whatsoever?
    Are you leasehold or freehold?
    Do you pay any ground rent?
    Were you the first owner?
    Sorry for so many questions! Genuinely interested as it's very unusual.

    Not that unusual. My new build is freehold, no service charges or ground rent. First owner, bought directly from developer (medium sized one, not a national one) 3 years ago. A friend has recently bought a new build with a different medium-sized developer, again freehold.
  • diggingdude
    diggingdude Posts: 2,499 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you for the information. Very interesting and good to hear
    So - no service charges whatsoever?
    Are you leasehold or freehold?
    Do you pay any ground rent?
    Were you the first owner?
    Sorry for so many questions! Genuinely interested as it's very unusual.

    Not unusual all, lots of them around, especially in areas where there is plenty of 15/20 year old properties for sale/people aren't desperate so the building company know they won't get away with it
    An answer isn't spam just because you don't like it......
  • Thanks for all the feedback. It's really good to know that there are some new build estates that don't rip you off with excessive service/maintenance charges, ground rent, permission fees etc. There are so many people who are being exploited via their home being used as an investment vehicle for others. It's good to hear positive examples!
  • muhandis
    muhandis Posts: 994 Forumite
    Eighth Anniversary 500 Posts Name Dropper Combo Breaker
    There's a London H2B website where you can search for new-build houses eligible for H2B. Unfortunately there isn't a filter for leasehold/freehold but a quick call should clear that up given that there are only about 7 developments (mostly in zones 5-6) and two of them are in Luton and Maidstone (not sure how they qualify for London H2B).

    Check the link here
    Rony wrote: »
    I want to buy a freehold house. Are there any useful aggregation sites where I can find prospective developing houses? Or is there a list of developers from which I can use to search their websites?
This discussion has been closed.
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