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New build home purchase

Hi I’m buying a new build home and it is advertised as freehold. However on my solicitors financial statement there is a cost against ‘freehold property with leasehold title fee’. Is that another money making scheme? I didn’t have to pay that on my last house? 

Comments

  • RedFraggle
    RedFraggle Posts: 1,450 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Is there a garage that's leasehold?
    Also worth checking about estate maintenance charges
    Officially in a clique of idiots
  • ThorOdinson
    ThorOdinson Posts: 428 Forumite
    100 Posts First Anniversary Name Dropper
    Sounds like a scam.
  • SarahB16
    SarahB16 Posts: 455 Forumite
    Third Anniversary 100 Posts Name Dropper
    Only one way is to find out exactly what it relates to and come back on here and let us know.  We can then provide you with our opinions.  At present not enough information to say. 
  • kingstreet
    kingstreet Posts: 39,338 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Is there an estate/service charge for the upkeep of communal areas, such as mowing grassland?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • MyRealNameToo
    MyRealNameToo Posts: 2,017 Forumite
    1,000 Posts Name Dropper
    Hi I’m buying a new build home and it is advertised as freehold. However on my solicitors financial statement there is a cost against ‘freehold property with leasehold title fee’. Is that another money making scheme? I didn’t have to pay that on my last house? 
    And what has your solicitor said when you asked them?

    Is there an estate/service charge for the upkeep of communal areas, such as mowing grassland?
    That would be odd to call the service charge a leasehold 
  • kingstreet
    kingstreet Posts: 39,338 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi I’m buying a new build home and it is advertised as freehold. However on my solicitors financial statement there is a cost against ‘freehold property with leasehold title fee’. Is that another money making scheme? I didn’t have to pay that on my last house? 
    And what has your solicitor said when you asked them?

    Is there an estate/service charge for the upkeep of communal areas, such as mowing grassland?
    That would be odd to call the service charge a leasehold 
    True, but you never know.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • MyRealNameToo
    MyRealNameToo Posts: 2,017 Forumite
    1,000 Posts Name Dropper
    Hi I’m buying a new build home and it is advertised as freehold. However on my solicitors financial statement there is a cost against ‘freehold property with leasehold title fee’. Is that another money making scheme? I didn’t have to pay that on my last house? 
    And what has your solicitor said when you asked them?

    Is there an estate/service charge for the upkeep of communal areas, such as mowing grassland?
    That would be odd to call the service charge a leasehold 
    True, but you never know.
    I'd put my money either on a property with a garage in a block thats leasehold or a coach house with one or more garages below that are leasehold to someone else. You could be right though
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