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Bizarre story.
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Lionel_Thinkbag
Posts: 217 Forumite
Viewed a 2 bed flat the other day in Liverpool city centre, was on at 39,500 so I figured there had to be something wrong with it, but it was worth a look.
Anyway went to have a look around, and it was very pokey and needed a lot of TLC. But heres the kicker, the EA told us this big long tale of how at some point the flats in the building (around 50 in all) had been sold but the deeds hadn't matched the descriptions (ie 1 beds being sold as 2 beds) and basically it was mortgage fraud? :eek:
Then she goes on to say that a few of the properties (that have now been bought up by a management company) had run up service charges ranging from 15-30k! (how the hell that was allowed to happen in the first place is beyond me) and that they didn't know if the buyer of the property would be liable for that or not! :rotfl:
The other viewers and I just looked at each other. Have you ever heard of anything like that before? Surely the seller should have paid those fees already? It sounds like a massive swizz to me. They said they were trying to find out more info from the solicitor and they'd know in a week but it sounds like someone has been at best negligent and at worst dishonest. All of that info should have been available to the EA before the place was listed imo.
So yeah, I practically ran away from that place. Just thought I'd share that oddity. If anything it made me appreciate our current rented flat more
Anyway went to have a look around, and it was very pokey and needed a lot of TLC. But heres the kicker, the EA told us this big long tale of how at some point the flats in the building (around 50 in all) had been sold but the deeds hadn't matched the descriptions (ie 1 beds being sold as 2 beds) and basically it was mortgage fraud? :eek:
Then she goes on to say that a few of the properties (that have now been bought up by a management company) had run up service charges ranging from 15-30k! (how the hell that was allowed to happen in the first place is beyond me) and that they didn't know if the buyer of the property would be liable for that or not! :rotfl:
The other viewers and I just looked at each other. Have you ever heard of anything like that before? Surely the seller should have paid those fees already? It sounds like a massive swizz to me. They said they were trying to find out more info from the solicitor and they'd know in a week but it sounds like someone has been at best negligent and at worst dishonest. All of that info should have been available to the EA before the place was listed imo.
So yeah, I practically ran away from that place. Just thought I'd share that oddity. If anything it made me appreciate our current rented flat more
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OK, she is on the take. She has a vested interest in buying these up cheap and the more she can put people off, the better for her.You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0
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lol Yeah that did occur to me. One of the other viewers asked when they'd know more details and was going to ring up and find out, so they weren't put off. I'm going to keep an eye on the place.
Anyway, I wouldn't have wanted to live there, the living room was half the size of our current one and the bedroom windows looked out on a courtyard that was at chest height. Gave the feeling of being in a hole!0 -
The whole of liverpool is rife with it..Wait until the story about the student pods comes out....Do some research on the apartments in town and be prepared to be horrified.It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Do be careful with leasehold service charge debt though, as it does belong to the property and not to the person who owned the property at the time the debt was run up.
Thankfully, my solicitor was very savvy when I bought my flat and ensured that we had a retention on the sale funds which paid off the service charge arrears on completion. It stopped me from inheriting £4000 of service charge debt...0 -
I practically ran away from that place.
Did you find your car up on bricks...:rotfl:0
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