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Buying the freehold

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Comments

  • Thank you, I am just about to contact the auction house to inform them that an official notice hasn't been served and see what they say.
  • I do feel for you, good luck.  
    £216 saved 24 October 2014
  • unkle
    unkle Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Not knowing your full circumstances, is it going to be possible for you to raise tens of thousands potentially? If not you may need to consider a Plan B.
  • What is plan B? I am currently trying to get a mortgage agreed in principle.
  • What is plan B? I am currently trying to get a mortgage agreed in principle.
    It is a long shot but why don't you try Crowdfunding or something similar. People have raised more for sillier things and if you set your story out properly I think people would be willing to help as this really is an unfair but totally legal situation you have got yourself into. Might as well try.
  • I am not sure who I would crowdfund to. I have literally 2 close friends lol
  • But, saying that I do have a lot of followers on twitter due to a certain issue, should I possible put a post on there setting out the idea first?If  people take issue with it obviously I will write it off as a bad idea

  • PS I have had confirmation that central town properties is the freeholder
  • unkle
    unkle Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Plan B would be to somehow raise the funds, whether thats a crowdfunded type scenario, a wealthy relative etc buying it but giving you right to live there for live etc, various options. Obviously buying it yourself should be Plan A.
  • eddddy
    eddddy Posts: 18,169 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thank you, I am just about to contact the auction house to inform them that an official notice hasn't been served and see what they say.

    Do you mean an official notice in relation to "the right of first refusal?"

    Unfortunately, that doesn't apply to a leasehold house, it only applies to blocks of flats. See: https://www.lease-advice.org/faq/does-the-right-of-first-refusal-rfr-apply-to-houses/
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