Land Registry shows x3 entries

arrtu

Hello looking at buying a flat that’s lease hold (2flats in block), on the land registry page when I go to buy info gives me x3 choices
 1,leasehold 
2, freehold
3, leasehold 
Now I presume the freehold is details of the freeholder .
but which leasehold to I buy and why is there x2 

Any help appreciated 
TIA 

davidmcn

Could be a head lease and a sublease. Unless you're looking at the leases for each of the two flats?

amylan

Correct likely a head lease and a sublease. Would suggest first buying the leasehold title document on Land Registry that does not have the wording "See important note" next to it, as this is usually the leasehold title for the flat you are looking to acquire. The leasehold with "See important note" is likely to be the head lease which is common to the other flat in the block. Hope the description makes sense!

arrtu

Hi I have all 3 but no idea what they mean 
1says 

20.06.1988) Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date        : 23 December 1985 Term        : 99 years from 24 June 1985 Rent        : £50 rising to £400 Parties     : (1) ANOTHER Estates Limited               (2) MR AND MRS ANOTHER 

2nd one says 
(04.06.2014) Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date        : 3 June 2014 Term        : From and including 24 June 2084 to and including 23 June               3083 Parties     : (1) Management Company Limited               (2) Another NOTE: The lease dated 23 December 1985 referred to in the above lease is registered under title number ONXXXXX. (04.06.2014) The Lease prohibits or restricts alienation. (04.06.2014) The landlord's title is registered.

davidmcn

arrtu said:

1says

20.06.1988) Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date        : 23 December 1985 Term        : 99 years from 24 June 1985
2nd one says 
(04.06.2014) Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date        : 3 June 2014 Term        : From and including 24 June 2084 to and including 23 June               3083

So it's effectively the same lease, I guess - at the stroke of midnight at the end of 23 June 2084, the first lease ends and the second one begins.

arrtu

davidmcn said:

arrtu said:

1says

20.06.1988) Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date        : 23 December 1985 Term        : 99 years from 24 June 1985
2nd one says 
(04.06.2014) Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date        : 3 June 2014 Term        : From and including 24 June 2084 to and including 23 June               3083

So it's effectively the same lease, I guess - at the stroke of midnight at the end of 23 June 2084, the first lease ends and the second one begins.

You would think so  but then the sellers solicitor keeeps coming back with there is no extention ! 

arrtu

I really need someone to read both and tell me but even the land registry are being vague 

davidmcn

arrtu said:

I really need someone to read both and tell me

Why isn't your solicitor doing so?

arrtu

davidmcn said:

arrtu said:

I really need someone to read both and tell me

Why isn't your solicitor doing so?

Because they say when they do the check they can only see the 1st one ie-99yrs , so they then asked the Vendors soliceters and they came back with 99 years also , BUT i go on land registry i can see 2 ! , Im presuming the mortagage company can see 2 
and thats why the approved the mortgage as they wont approve a mortgage under 70years !
And to be honest i dont want to let the property go for the sake of someone a  mistake . 
Why are Estate agent and mortgage saying 999 years and the land reg saying from what i can make out a total of 999 years but the 2 soliceters cant see it .?

davidmcn

Ask them what they think about the second lease then.

arrtu

davidmcn said:

Ask them what they think about the second lease then.

I have their response was to ask the vendors solicitor