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Freehold House with Rent Charge: Solve Now or Later?
Comments
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No you can't. It would be zero percent.mattheus said:Painful, but thank you for clarifying.Trying to brainstorm here. Can I take the management company to court and force a 16x style payment release? If so, how likely is that to succeed: 10%, 50%, 80%?
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Double auch.princeofpounds said:
No you can't. It would be zero percent.mattheus said:Painful, but thank you for clarifying.Trying to brainstorm here. Can I take the management company to court and force a 16x style payment release? If so, how likely is that to succeed: 10%, 50%, 80%?
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I think I can get some sort of insurance called indemnity policy and secure the loan despite all the adversity. The ultimate question really is then resell. In 5 years time how many of potential buyers could be facing mortgage procurement difficulty (even though it seems made up, given the tiny yearly charge) with this kind of set up: 10%, 50%, 80%? .
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I also now know with a degree of certainty that the management company that is charging the yearly service charge is owned by the owners of properties, so I would get some share of it. Does that change the equation?0
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Hi,I am going through the same problem ,
the freehold property i am buying also got rent charge ,
want to know what happen to your house did you buy it plase let me know thanks0 -
mattheus said:I also now know with a degree of certainty that the management company that is charging the yearly service charge is owned by the owners of properties, so I would get some share of it. Does that change the equation?Hi,
I am going through the same problem ,
the freehold property i am buying also got rent charge ,
want to know what happen to your house did you buy it plase let me know thanks0
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