Leasehold company preventing sale of leasehold apartment

papps44

Since August last year I started the process of selling my leasehold apartment to buy a freehold property. I had one buyer mess me about but then got another buyer. They are foreign buyers who are using a solicitor in Wales for conveyance. The major issue is the leasehold company cannot seem to answer legal questions directed from the buyer’s solicitors. The leasehold company is run by a landlord who has a property connected to the building. By the looks of it the company has been run as an afterthought rather than properly. My solicitor has asked this person to provide information but the rep at my solicitors tells me that this person doesn't understand the legal jargon, too be honest he was supposed to submit information a long time ago but seemed to be sitting on it and doing nothing. I have asked to take out redemption insurance, but I cannot. The latest update today is that its total stalemate which I am very upset about. It’s a disgrace that this is happening and much of it out of my hands. There is a real risk the chain could collapse again. This is causing me great anxiety and stress and wholly unfair. The leasehold system needs complete legal reform, and they should ban leasehold apartments like that in Scotland and solicitor conveyance practice need tighter regulation with an ombudsman for conveyance alone. If anybody has had a similar experience and a found a solution, I would be grateful for any advice for that fact. Thanks.

eddddy

Just to clarify - you talk about the "Leasehold Company", but I think you mean the Freeholder (or the Freehold Company).

Maybe ask your solicitor what questions they are asking your freeholder.

Assuming you understand the questions, maybe you can explain them to the freeholder, and maybe help the freeholder to put together replies.



... or suggest to the freeholder that they get a professional to advise/help them - for example, a solicitor.

NameUnavailable

Amazingly, a freeholder has no legal obligation to respond to enquiries in order to assist a sale. Most do, because they charge a fee for it, but an imcompetent or spiteful freeholder can indeed do things to effectively block a sale. It shouldn't be like this

35har1old

papps44 said:

Since August last year I started the process of selling my leasehold apartment to buy a freehold property. I had one buyer mess me about but then got another buyer. They are foreign buyers who are using a solicitor in Wales for conveyance. The major issue is the leasehold company cannot seem to answer legal questions directed from the buyer’s solicitors. The leasehold company is run by a landlord who has a property connected to the building. By the looks of it the company has been run as an afterthought rather than properly. My solicitor has asked this person to provide information but the rep at my solicitors tells me that this person doesn't understand the legal jargon, too be honest he was supposed to submit information a long time ago but seemed to be sitting on it and doing nothing. I have asked to take out redemption insurance, but I cannot. The latest update today is that its total stalemate which I am very upset about. It’s a disgrace that this is happening and much of it out of my hands. There is a real risk the chain could collapse again. This is causing me great anxiety and stress and wholly unfair. The leasehold system needs complete legal reform, and they should ban leasehold apartments like that in Scotland and solicitor conveyance practice need tighter regulation with an ombudsman for conveyance alone. If anybody has had a similar experience and a found a solution, I would be grateful for any advice for that fact. Thanks.

Do you pay any yearly charges to leasehold company?

bluelad1927

Who answered the leasehold questions when you originally purchased?