Compton Group - Offering Freehold for £800

monkey-fingers

dkl_uk said:

Pipthecat said:

I once owned a leasehold house which I was looking to extend.  The cost of having my extension approved by the leaseholder was almost half as much as buying out the lease hold, so I did the latter.

To be honest, nobody on this street has ever communicated with the leaseholder, I can pretty much guarantee that. Almost every house had has an extension or modification of some sort. When I bought this one, the room between the front and back rooms and the wall to the kitchen had been exposed so it was all open plan. Not a mention of it during the purchase process.

They're talking about extending the lease. Any leases under 85 years are usually unmortgageable.

dkl_uk

monkey-fingers said:

dkl_uk said:

Pipthecat said:

I once owned a leasehold house which I was looking to extend.  The cost of having my extension approved by the leaseholder was almost half as much as buying out the lease hold, so I did the latter.

To be honest, nobody on this street has ever communicated with the leaseholder, I can pretty much guarantee that. Almost every house had has an extension or modification of some sort. When I bought this one, the room between the front and back rooms and the wall to the kitchen had been exposed so it was all open plan. Not a mention of it during the purchase process.

They're talking about extending the lease. Any leases under 85 years are usually unmortgageable.

Ah OK, fair enough. I don't think that's a valid approach for me as there's about 920 years left on mine.