Do I have any rights?

InterestedParty2018 · 11 April 2018 at 3:54PM

Have to agree, this is a massive investment/financial commitment. If you are unsure, move on and find something else that ticks your boxes.

You have not yet bought, yet you know all the circumstances (lease length, car parking, unserviced boiler and the increased mortgage costs), if you progress it will be entirely your own choice. Please dont think complaining after the event will make things better.

I would also take this opportunity to suggest that you read your lease with a fine tooth comb to avoid any surprises. Do not rely on what the EA or your solicitors says, read the document yourself!

steph2901 · 11 April 2018 at 4:04PM

I would probably walk away and look for something else that had the things I wanted, like the parking and not having to worry about the expense of extending the lease.

AnotherJoe · 11 April 2018 at 6:34PM

Another vote for walking.

If you do proceed then make your complaint to the person you see every day in the mirror.

da_rule · 11 April 2018 at 6:46PM

Cut your losses and walk.

Mozalini wrote: »

told by my EA

Also, this is your issue, they're not your estate agent, they're your sellers estate agent. Their job is to sell the property on the behalf of the seller, even if that means being a bit lose with the truth. The other issue is that EA's often don't (never) research the title and rely on what their client tells them, which is why you get legal advice to check this stuff out.

Brookside88 · 11 April 2018 at 8:26PM

I'd be running in the opposite direction. Sound like a hideously bad idea to proceed with an 85 year lease, no parking, an expensive mortgage and a dodgy boiler

diggingdude · 11 April 2018 at 8:30PM

are you certain about lease length? The shared ownership i looked at 2 years ago all came with a new lease off the HA when you purchased

HampshireH · 11 April 2018 at 8:38PM

Have you renegotiated the price to factor all this in?

Mozalini · 11 April 2018 at 11:23PM

I will probably try and renegotiate the premium if the boiler isn't up to scratch.
I'm a first time buyer and doing this on my own so I appreciate all the advice. I think I need to have a long think about whether this is the right property for me. Booooo :-(
Thanks guys

bike_saving_expert · 11 April 2018 at 11:31PM

started reading this then realized the problem well basically estate agents lie in order to sell properties they serve themselves only. But they are slightly more on the side of the person they are selling for than you.

sounds like your broker probably should have known that about nationwide that sounds like his fault.

lincroft1710 · 12 April 2018 at 3:43PM

Mozalini wrote: »

I will probably try and renegotiate the premium if the boiler isn't up to scratch.

If you're buying a property with an obviously old boiler, the probability is that it will need replacing sooner rather than later. A boiler service isn't like a car service, it's mainly to ascertain that it is in a safe condition, i.e. all the gas fittings and connections are working properly. It will probably cost around £100.

You therefore should factor boiler replacement into your finances. You may think about making a lower offer, but this may well be countered with the statement that this was reflected in the asking price.

The above may not be useful with the current purchase but should be borne in mind with any subsequent property you may find.

Do I have any rights?

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