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Coppen Estates. . . .Sheffield

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Misrepresenting the truth? Misleading someone?

Assuming that what we've been told is accurate of course.

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hello

we are currently in the process of buying a house and are wanting the vendor to start the process of buying the freehold from coppen estate i have tried the link which was posted by jeffery shaw but unfortunatley it did not work to try to work out how much the freehold would cost roughly has anyone any ideas how to calculate it the house is being purchased for £161500 it has 67 years left on the lease and the ground rent is £35 per year thank you

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hello

we are currently in the process of buying a house and are wanting the vendor to start the process of buying the freehold from coppen estate i have tried the link which was posted by jeffery shaw but unfortunatley it did not work to try to work out how much the freehold would cost roughly has anyone any ideas how to calculate it the house is being purchased for £161500 it has 67 years left on the lease and the ground rent is £35 per year thank you

 

Looks the link has broken because they've restructured their website, but the Leasehold Advisory Service is still the place to find out: http://www.lease-advice.org/ .

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we are currently in the process of buying a house and are wanting the vendor to start the process of buying the freehold from coppen estate i have tried the link which was posted by jeffREy shaw but unfortunatley it did not work to try to work out how much the freehold would cost roughly has anyone any ideas how to calculate it the house is being purchased for £161500 it has 67 years left on the lease and the ground rent is £35 per year thank you

There's no point trying to contact Coppen informally, by letter or telephone, as it's very rare that anyone there responds.

Better: consult solicitor re serving a Notice of Claim.

 

As this lease has a relatively short unexpired term, you' be looking at several thousand pounds to enfranchise (purchase the freehold reversion). At present, the problem is your vendor's; the lack of term severely devalues the house! Make him/her enfranchise first- or at the same time as you complete your purchase- or else you'd have to wait another two years to gain statutory rights to do it.

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thank you for your replies i did have a telephone appointment with the lease advice org but they were unable to advise me on how much the price would be to buy the lease and told me to get in touch with a specialist solicitor which i did and he gave me a rough idea but now trying to work out all the costing of the surveyor the solicitors fee ect but having trouble getting quotes i believe we have to pay for the freeholders solicitor as well as surveys for both parties also if we do not come to an agreement we would have to pay to take it to a tribunal we only have a limited amount to budget for this and do not want to start something we can not afford

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thank you for your replies i did have a telephone appointment with the lease advice org but they were unable to advise me on how much the price would be to buy the lease and told me to get in touch with a specialist solicitor which i did and he gave me a rough idea but now trying to work out all the costing of the surveyor the solicitors fee ect but having trouble getting quotes i believe we have to pay for the freeholders solicitor as well as surveys for both parties also if we do not come to an agreement we would have to pay to take it to a tribunal we only have a limited amount to budget for this and do not want to start something we can not afford

Yes, but equally- if you're going to buy the house at all- you can't afford not to.

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yes i agree but if we can not figure out a rough idea of the cost it looks like we will have to pull out of the sale leaving us in a really bad situation we will be the only house left on the estate where we are as our houses are being demolished and we are scared to leave the house for fear of being burgled we have already wasted months waiting for a reply from coppen estates and having a solicitor who has not been much help to us and now i have to get quotes for the council for the solicitors and surveyor as they might help towards the cost as we are under redevelopment but that is proving difficult we are dreading having to find somewhere else as this could take us months

 

---------- Post added 16-07-2016 at 11:32 ----------

 

hi was just wondering if anyone knows can you buy the freehold if the lease has been previously extended does it make a difference to the price or do you have to wait a certain time before you can buy after the extension was granted

 

---------- Post added 23-07-2016 at 09:53 ----------

 

Because Coppen is:

a. honest and trustworthy, compared to many freehold reversion investors; but

b. not good at dealing with all correspondence- hence serving Notice is the way to go.

 

Yes, the freehold reversioner is the right place to contact- but doing it formally works better than informally!

 

---------- Post added 12-02-2013 at 12:27 ----------

 

I'd be charging £250 to cover cost of:

a. new client file;

b. diagnostic work (checking who owns what); and

c. preparing/serving the Notice.

 

Including VAT and disbursements (out-of-pocket expenses), it would come to about £320.

 

how much roughly have your charges increased in 2016

thank you

 

---------- Post added 25-07-2016 at 05:16 ----------

 

Your solicitor could arrange:

a. Indemnity Insurance to protect you (but at V's expense); and

b. that V serve Notice of Claim on Coppen, seeking to buy the freehold reversion, but that V then merely assigns its benefit to you on completion. You could thereafter buy-out Coppen without having to wait the statutory two years in order to qualify for serving your own Notice.

 

has anyone had experience with the vendor serving notice of claim to the freeholder did it hold the sale of the property up was wondering if you have to wait for a reply from freeholder before you can proceed with the sale of the property really in a desperate position to move and trying to work out the quickest way to get the sale moving already been 7 months with trying to sort out problems due to the lease

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Coppen Estates move at a snails pace and only reply to letters. They've held up the buying of our new house for months already and not gonna start the paperwork till after xmas now. Don't think they realise or care about the stress they put on people who need to work with them.

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I'm in the process of trying to buy the freehold of my house from them. They replied to the Notice served on them & gave a price (ridiculously high) & are now ignoring our very reasonable counter offers. Most presumably to try & panic me into paying more. However, I don't plan on moving any time soon so I am happy to keep issuing the same offer for a few months/a year & if they continue to ignore them then we'll be dropping the offer to the minimum market value & will invite them to see us at a tribunal where they will have to pay out their own legal fees of about £1200 to be awarded approx £300-£400 for the reversion & costs combined, & explain why they were unable to accept a higher offer when it was made prior to tribunal. Don't let them bully you into paying more than you need to.

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Yes. Also remember that- in any proceedings flowing from the Notice of Claim- the leasehold and the freehold reversion are valued as at the date of the Notice. Passage of time after then does not in any way decrease the leasehold's value nor increase the freehold reversion's.

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So, still waiting for Coppen to reply to my last offer made before Xmas last year. How long is reasonable to wait for them to reply and what is the next best course of action if they don't get in touch? We sent notice of claim last October and after their acknowledgment and initial offer of just over £1000 all in (freehold worth max £300 including all their legal fees) we counter offered in November and have heard no response from them since. Should we wait for them to respond? My solicitor did send them a letter to give them a nudge in December but so far I have heard nothing back form them. I'm happy to keep waiting I'm just wondering how long they can reasonably go on ignoring us before we can take action and, if so, what action?

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So, still waiting for Coppen to reply to my last offer made before Xmas last year. How long is reasonable to wait for them to reply and what is the next best course of action if they don't get in touch? We sent notice of claim last October and after their acknowledgment and initial offer of just over £1000 all in (freehold worth max £300 including all their legal fees) we counter offered in November and have heard no response from them since. Should we wait for them to respond? My solicitor did send them a letter to give them a nudge in December but so far I have heard nothing back form them. I'm happy to keep waiting I'm just wondering how long they can reasonably go on ignoring us before we can take action and, if so, what action?

Why didnt you use Mr J. Shaw forum expert solicitor to sort Coppen estate out you were aware they are an headache . You can hardly expect him to advice now i wouldnt :loopy::hihi:

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