For

fleur8

For some reason I guess 

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I am thinking it may be about costs.  the management company may charge for completing the LPE1 form as it is quite lengthy.  When we sold a flat recently, where the freeholder is the council, they wouldn't complete LPE1 form but issue a management pack instead.  They charge £210 for the management pack.  The pack expires after 6 months so we had to pay for another one as the sale fell through and the pack had expired.  Luckily, the council didn't charge us for the update.

i didn't ask for the update until the buyer had his valuation as i didn't want to waste money and he can't raise the capital like two of the previous failed buyers.

the LPE1 can cause further delays if there are enquiries regarding the answers, like major works.

GDB2222

It’s entirely possible that the seller and his neighbour haven’t got the information required to complete the form. Or they have no idea how to go about it.

AskAsk

fleur8 said:

AskAsk said:

I am thinking it may be about costs.  the management company may charge for completing the LPE1 form as it is quite lengthy.  When we sold a flat recently, where the freeholder is the council, they wouldn't complete LPE1 form but issue a management pack instead.  They charge £210 for the management pack.  The pack expires after 6 months so we had to pay for another one as the sale fell through and the pack had expired.  Luckily, the council didn't charge us for the update.

i didn't ask for the update until the buyer had his valuation as i didn't want to waste money and he can't raise the capital like two of the previous failed buyers.

the LPE1 can cause further delays if there are enquiries regarding the answers, like major works.

Thanks. The co-freeholder lives in the flat below the seller’s. Perhaps the co-freeholder is charging the seller then, and the seller doesn’t want to pay until our solicitors are satisfied with all enquiries. Should we offer to pay to expedite the process?

we sold a flat where the co-freeholder had to complete LPE1 form and we had not been on good terms with her so we knew she wouldn't complete it.  she also wanted to buy the flat but we sold it to someone else so we defintely knew that she wouldn't complete it!  we tried to sell the flat without the need for the LPE1 form by providing all the information on the LPE1 form to the solicitors but the buyer's solicitors insisted on having the LPE1 form completed.

eventually we had to approach the lady and asked if she would sign the LPE1 form if we complete it and she just sign it.  luckily she had done some work to her flat without our permission, so to encurage her to sign the form, we said we would write a letter of consent for her alterations.

if it is a co-freeholder, it is unlikely they will charge for completing the form, although the seller may offer them a cash incentive to complete the form.

it is a very long form, so it was not easy to complete.  you could ask them why the delay, but it may be that the co-holder doesn't want to complete the form.

AskAsk

fleur8 said:

AskAsk said:

fleur8 said:

AskAsk said:

I am thinking it may be about costs.  the management company may charge for completing the LPE1 form as it is quite lengthy.  When we sold a flat recently, where the freeholder is the council, they wouldn't complete LPE1 form but issue a management pack instead.  They charge £210 for the management pack.  The pack expires after 6 months so we had to pay for another one as the sale fell through and the pack had expired.  Luckily, the council didn't charge us for the update.

i didn't ask for the update until the buyer had his valuation as i didn't want to waste money and he can't raise the capital like two of the previous failed buyers.

the LPE1 can cause further delays if there are enquiries regarding the answers, like major works.

Thanks. The co-freeholder lives in the flat below the seller’s. Perhaps the co-freeholder is charging the seller then, and the seller doesn’t want to pay until our solicitors are satisfied with all enquiries. Should we offer to pay to expedite the process?

we sold a flat where the co-freeholder had to complete LPE1 form and we had not been on good terms with her so we knew she wouldn't complete it.  she also wanted to buy the flat but we sold it to someone else so we defintely knew that she wouldn't complete it!  we tried to sell the flat without the need for the LPE1 form by providing all the information on the LPE1 form to the solicitors but the buyer's solicitors insisted on having the LPE1 form completed.

eventually we had to approach the lady and asked if she would sign the LPE1 form if we complete it and she just sign it.  luckily she had done some work to her flat without our permission, so to encurage her to sign the form, we said we would write a letter of consent for her alterations.

if it is a co-freeholder, it is unlikely they will charge for completing the form, although the seller may offer them a cash incentive to complete the form.

it is a very long form, so it was not easy to complete.  you could ask them why the delay, but it may be that the co-holder doesn't want to complete the form.

Thanks. We’ve been told that the form is completed and ready but they will not send it until all enquiries are satisfied. I just can’t see how the two are related. 

when we sold the flat, the buyer's solicitors would not agree to us completing the LPE1 form as they said we were not independent, so the co-freeholder had to do it, which was a problem for us as we knew she wouldn't do so.  your seller would not be able to complete the LPE1 form.  he may be able to do so, but the co-freeholder will need to agree that the information is correct as they are supposed to complete it themselves.

it could be that there are issues in the LPE1 form that the seller may not want to highlight at this stage, or they can't get the co-freeholder to complete the form.  you should ask them to clarify why they can't complete the form now.  we dragged our heels on the LPE1 form until right at the end when we had to do it, otherwise nothing was going to move forward.

AskAsk

fleur8 said:

AskAsk said:

fleur8 said:

AskAsk said:

fleur8 said:

AskAsk said:

I am thinking it may be about costs.  the management company may charge for completing the LPE1 form as it is quite lengthy.  When we sold a flat recently, where the freeholder is the council, they wouldn't complete LPE1 form but issue a management pack instead.  They charge £210 for the management pack.  The pack expires after 6 months so we had to pay for another one as the sale fell through and the pack had expired.  Luckily, the council didn't charge us for the update.

i didn't ask for the update until the buyer had his valuation as i didn't want to waste money and he can't raise the capital like two of the previous failed buyers.

the LPE1 can cause further delays if there are enquiries regarding the answers, like major works.

Thanks. The co-freeholder lives in the flat below the seller’s. Perhaps the co-freeholder is charging the seller then, and the seller doesn’t want to pay until our solicitors are satisfied with all enquiries. Should we offer to pay to expedite the process?

we sold a flat where the co-freeholder had to complete LPE1 form and we had not been on good terms with her so we knew she wouldn't complete it.  she also wanted to buy the flat but we sold it to someone else so we defintely knew that she wouldn't complete it!  we tried to sell the flat without the need for the LPE1 form by providing all the information on the LPE1 form to the solicitors but the buyer's solicitors insisted on having the LPE1 form completed.

eventually we had to approach the lady and asked if she would sign the LPE1 form if we complete it and she just sign it.  luckily she had done some work to her flat without our permission, so to encurage her to sign the form, we said we would write a letter of consent for her alterations.

if it is a co-freeholder, it is unlikely they will charge for completing the form, although the seller may offer them a cash incentive to complete the form.

it is a very long form, so it was not easy to complete.  you could ask them why the delay, but it may be that the co-holder doesn't want to complete the form.

Thanks. We’ve been told that the form is completed and ready but they will not send it until all enquiries are satisfied. I just can’t see how the two are related. 

when we sold the flat, the buyer's solicitors would not agree to us completing the LPE1 form as they said we were not independent, so the co-freeholder had to do it, which was a problem for us as we knew she wouldn't do so.  your seller would not be able to complete the LPE1 form.  he may be able to do so, but the co-freeholder will need to agree that the information is correct as they are supposed to complete it themselves.

it could be that there are issues in the LPE1 form that the seller may not want to highlight at this stage, or they can't get the co-freeholder to complete the form.  you should ask them to clarify why they can't complete the form now.  we dragged our heels on the LPE1 form until right at the end when we had to do it, otherwise nothing was going to move forward.

Apologies, I mean that the co-freeholder is a lawyer and has competed the form herself. We have asked but haven’t been given any direct answers. We are almost at the point of exchange, just waiting on this and one last enquiry which the seller is yet to respond to. 

if she is not passing the LPE1 form across then it is because there is some issues in there that the seller doesn't want to disclose at this stage.  it is a factual document but when we completed ours (which we did for the co-freeholder), we found there were things like the fire safety report and asbestos report that we should have had for the building but we didn't know they needed to be in place, so we had to get these done as part of the process.

the LPE1 form also asks about major works that is expected to come and the bank statements for the freehold account.

it also asks for consent to alterations.