Jump to content

Coppen Estates. . . .Sheffield

Recommended Posts

Hi Jeffrey, I'm appealing for your free advice again. My solicitor claims that no-one gets out of paying Coppen the insurance administration charge and that he will claim it back at the point you try to sell regardless (at a point when the delays he could introduce mean you are over a barrel). Are you aware if this is true? You have given the impression that if a leaseholder plays by the rules that Coppen won't hold it against them.

Share this post


Link to post
Share on other sites

Having just sent off my s164 for the second year, I'm fulling expecting to get a bill when the ground rent is due for two insurance charges. It appears Coppen do not listen and do not respect the law.

 

"My solicitor claims that no-one gets out of paying Coppen the insurance administration charge and that he will claim it back at the point you try to sell regardless (at a point when the delays he could introduce mean you are over a barrel)."

 

This is what I assume would happen when we come to sell. He'll scare the life out of some first time buyer and their solicitor that there is some kind of 'fine' outstanding on the property. I actually wrote to my MP about this shady practice but his advice was to say ignore them and say "take me to court" - all well and good unless you're trying to sell a house with a nervous buyer and you're in a a chain.

 

I'm going to buy my freehold when the two years are up, so if/when we come to sell on at least we won't have the hassle. Coppen will sadly get some money out of me so these freeholds - which I imagine they pick up for a song, given the measly ground rent - appear to be a worthwhile investment on their part.

Edited by iwbsheff

Share this post


Link to post
Share on other sites
Hi Jeffrey, I'm appealing for your free advice again. My solicitor claims that no-one gets out of paying Coppen the insurance administration charge and that he will claim it back at the point you try to sell regardless (at a point when the delays he could introduce mean you are over a barrel). Are you aware if this is true? You have given the impression that if a leaseholder plays by the rules that Coppen won't hold it against them.

Your solicitor is wrong; BUT you must comply with every detail of the "Get-out-of-insurance-free" rules.

Share this post


Link to post
Share on other sites
Your solicitor is wrong; BUT you must comply with every detail of the "Get-out-of-insurance-free" rules.

 

Well, I think I have. I used the form linked by leasehold advisory service and posted it about a week after moving in so it should have been there within 14 days. It sounds like Coppen invoice for it regardless so I don't get to find out if I did actually miss anything until such time as I sell.

Share this post


Link to post
Share on other sites

We sold our house and Coppen wanted increased the ground rent from £30 a year to £160 for the new buyers.

Mike Haslam who is an expert in this area dealt with this for us. We signed something (cant remember what it was called) for the new buyers to purchase the freehold under our name and in two years it would become theirs. The buyers paid all the fees except the first £3000 which it would have cost to buy the added years on the leasehold.

Share this post


Link to post
Share on other sites
We sold our house and Coppen wanted increased the ground rent from £30 a year to £160 for the new buyers.

Mike Haslam who is an expert in this area dealt with this for us. We signed something (cant remember what it was called) for the new buyers to purchase the freehold under our name and in two years it would become theirs. The buyers paid all the fees except the first £3000 which it would have cost to buy the added years on the leasehold.

Mr Haslam does act for Coppen, you know.

Share this post


Link to post
Share on other sites
Mr Haslam does act for Coppen, you know.

 

Oh! Wouldn't that be a conflict of interest, if he acts for a leaseholder against Coppen?

Share this post


Link to post
Share on other sites
We sold our house and Coppen wanted increased the ground rent from £30 a year to £160 for the new buyers.

Mike Haslam who is an expert in this area dealt with this for us. We signed something (cant remember what it was called) for the new buyers to purchase the freehold under our name and in two years it would become theirs. The buyers paid all the fees except the first £3000 which it would have cost to buy the added years on the leasehold.

 

Aren't leases fixed, they can't just increase them because the house is being sold...

Share this post


Link to post
Share on other sites
Aren't leases fixed, they can't just increase them because the house is being sold...

I'm quite happy to show you the paperwork where they said they will increase it.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.