Leasehold house

[johnmc]

Has anyone got a Leasehold house that’s more then peppercorn?

Anyone tried to buy their freehold?

 

[Uncle Wally One Ball]

I keep meaning to get round to enquiring about it. I know the last lease on my street went for about £6k, and that was over 10 years ago.

 

[Blue Maverick]

Massive issues round these currently going through parliament, we moved from our new build and that was one of th3 reasons, total rip off, moved into an older house and bought the leasehold in part of the sale,.

 

[Uncle Wally One Ball]

Massive issues round these currently going through parliament, we moved from our new build and that was one of th3 reasons, total rip off, moved into an older house and bought the leasehold in part of the sale,.

Isnt that just for new builds though?

 

[lancs blue]

I bought the freehold about 20 years ago, I was lucky in that the freeholder was an old lady who had inherited a couple of hundred freeholds in the local area and was happy enough to offload them at a reasonable price. The process was quite straightforward and cost about £500 plus solicitors fees.

 

[Ifwecouldjust.......]

Isnt that just for new builds though?

Banning sales of leasehold properties will be the first step.... massive scam going on as people / companies who own these leases are selling them to private investors who then hike the annual ground rent fee and charge huge fees if you ask for permission to do extensions / loft conversions


https://www.theguardian.com/money/2...-the-ground-rent-scandal-all-you-need-to-know

 

[AshtonBlueMooner]

I bought freehold and did all the paperwork myself. Cost me £70 for solicitors to counter sign ID documents but Land Registry documents were fairly straight forward to complete and register. Ours was a new build and neighbours had been charged a fortune for various home improvements by the leaseholder so I decided to buy it outright and save any hassle.

 

[Ric]

Just moved house recently, and thankfully the previous owners had bought the freehold.

 

[bobmcfc]

I own my freehold but pay rent charges of around £12 a year

 

[Two Gun Bob]

A while ago we aquired a new build which was a leashold property.
It wasn't so much the negligable ground rent that vexed but more the covenants attached to it.
Big list of can and can't does right down to the planting of the lawn areas.