co-freeholder problem that may or may not help others

Othmas

Deleted as issue solved

anselld

It would be normal for lease extensions to be done by solicitors which inevitably takes some time but will be to your benefit once complete.
You should not really be "dealing" with either the vendor or the co-freeholder's solicitor. They will only take instruction from their clients.  You could ask your vendors to expedite, but to be honest 4 weeks is not at all long for a lease extension.

Slithery

Othmas said:

Deleted as issue solved

How rude...

anselld

Othmas said:
I’m hoping to purchase one of two flats in a house. Required from the co-freeholder is an LPE1 and he and the vendor are extending the current lease. The co-freeholder has held up this sale for 4 weeks now, waiting on his solicitors to review the paperwork. I can’t understand what paperwork he needs his solicitor to review and obviously he doesn’t respond to deadlines because it’s not his purchase. So not only am I dealing with the vendor’s solicitors but the co-freeholder’s one who is apparently “very busy”. Can anyone help me make sense of this mess?

It is rude because the thread is not just for you.  Others may have similar problems now or in the future and may possibly benefit from replies.  Indeed they may benefit from you supplying more detail of the estate agent explanation you refer to above.

anselld

Othmas said:

anselld said:

Othmas said:
I’m hoping to purchase one of two flats in a house. Required from the co-freeholder is an LPE1 and he and the vendor are extending the current lease. The co-freeholder has held up this sale for 4 weeks now, waiting on his solicitors to review the paperwork. I can’t understand what paperwork he needs his solicitor to review and obviously he doesn’t respond to deadlines because it’s not his purchase. So not only am I dealing with the vendor’s solicitors but the co-freeholder’s one who is apparently “very busy”. Can anyone help me make sense of this mess?

It is rude because the thread is not just for you.  Others may have similar problems now or in the future and may possibly benefit from replies.  Indeed they may benefit from you supplying more detail of the estate agent explanation you refer to above.

I think you're being a bit overdramatic. Is it really rude? Editing my post on an internet forum? 

I gave you a thanks and removed my post. Damn, it's just a forum.

You asked for the explanation why it was rude.   I didn't say it was rude in the first place, but yes it is.

Grumpy_chap

Very rude of the OP, but for others reading the thread...

anselld said:

4 weeks is not at all long for a lease extension.

We did a lease extension in April.  We had the valuation already (which had dragged on a bit) and then about 6 weeks dealing through our Solicitor, which he advised was the fastest he'd ever processed from start to finish.  The Land Registry update is stuck in a COVID backlog until they decide to go back to work.

eddddy

Othmas said:

Also I’ve been told that a lease extension is much quicker when you own the freehold. 

FWIW, that's a misleading statement.

It would be fairer to say "A lease extension can be quick if all the parties are in agreement and motivated to get the job done" - whether or not it's a shared freehold.

So if all the co-freeholders / leaseholders are in agreement and motivated, the lease extension might be quick. It sounds like one of the co-freeholders might not be in agreement / motivated. So in the worst case, an 'informal' lease extension like this one might never happen.