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Anybody successfully purchased freehold from Coppen Estates

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Its the Solicotor, she says this is how they have always done things

 

So it's not even your solicitor, it's the vendors solicitor??

 

They haven't got a clue by the sounds of things, you need to ramp up the pressure and force them to do things properly.

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Hi, Can someone just give me some general advice re buying freehold, does a person having lived there for a number of years have any rights, and if so at what price (is there a formula ?). I live on the acorn estate Stannington if anyone has had dealings ...

thanks.

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Hi, Can someone just give me some general advice re buying freehold, does a person having lived there for a number of years have any rights, and if so at what price (is there a formula ?). I live on the acorn estate Stannington if anyone has had dealings ...

thanks.

 

Yes you have to have lived there for at least 2 years

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Hi, Can someone just give me some general advice re buying freehold, does a person having lived there for a number of years have any rights, and if so at what price (is there a formula ?). I live on the acorn estate Stannington if anyone has had dealings ...

thanks.

 

Have a read of this= https://www.lease-advice.org/advice-guide/houses-qualification-valuation/

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Has anyone managed to successfully purchased the free hold from Coppen Estates in Sheffield for their house.[1]

 

Im currently trying to purchase a property with a 77 year lease reaming. And Coppen Estates are the lease holders.[2]

 

My Solictor has been trying to purchase the freehold from coppen but its been 6 months and nothing seems to be happening.[3]

 

We really like the house and would like to buy it, but would like this issue sorting out.[4]

 

Any help and advice would be appreciated.

1. Yes, lots of people- but it's tricky, slow, and needs expertise not always available from routine conveyancers.

2. No. Coppen almost certainly owns the freehold reversion and your vendor ("V") owns the leasehold.

3. Coppen will certainly not sell to your solicitor- nor to you:

a. until you've owned the house for at least two years as leaseholder; or

b. unless V serves Notice of Claim (if V has owned the house for at least two years as leaseholder AND is wiling to assign the statutory rights to you).

4. So do be careful. Coppen will try to make it expensive, does not always reply to letters, and may put hurdles in your way.

 

---------- Post added 20-09-2018 at 22:11 ----------

 

So it's not even your solicitor, it's the vendors solicitor??

 

They haven't got a clue by the sounds of things, you need to ramp up the pressure and force them to do things properly.

I agree. You do need specialist advice; that might exclude anyone if she says this is how they have always done things.

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Just a quick update for the OP.

 

I got my offer from Coppen last week, two months after beginning the process. It isn’t cheap, but I was expecting to pay more, so I’m quite happy.

 

As Jeffrey says, they did ignore a couple of letters from my solicitor, but the suggestion of enforcement action soon had the desired effect.

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I bought the merged freehold for my property from Coppen 21 years ago, and that was a fairly long and drawn out process I seem to recall, even though there was a group of us from the same head lease all acting together.

 

Believe it or not, I found the paperwork the other day while shredding old papers prior to moving house, and found that the letters were all signed by one Jeffrey Shaw. I'm surprised that I didn't remember who acted on my behalf, but clearly, I didn't.

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With regards to buying lease off Coppen? Been advised to get a surveyor to do a valuation for the purchase of the lease. Can anyone recommend a surveyor who's expert in such matters please?

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Just a quick update for the OP.

 

I got my offer from Coppen last week, two months after beginning the process. It isn’t cheap, but I was expecting to pay more, so I’m quite happy.

 

As Jeffrey says, they did ignore a couple of letters from my solicitor, but the suggestion of enforcement action soon had the desired effect.

 

Congratulations and Well done. I wish my Solicotor had gone down this route. We have been waiting for over 6-7 months now and no reply I think I will be using a new Solictor me thinks.

 

---------- Post added 21-09-2018 at 17:03 ----------

 

With regards to buying lease off Coppen? Been advised to get a surveyor to do a valuation for the purchase of the lease. Can anyone recommend a surveyor who's expert in such matters please?

 

 

John Rhodes 01612128533

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With regards to buying lease off Coppen? Been advised to get a surveyor to do a valuation for the purchase of the lease. Can anyone recommend a surveyor who's expert in such matters please?

Not quite accurate; YOU own the lease, I think, whereas Coppen owns the freehold reversion- and it's that which you want to buy.

 

---------- Post added 23-09-2018 at 15:26 ----------

 

I got my offer from Coppen last week, two months after beginning the process.

In this instance, Coppen seems to have done nothing wrong.

After the leaseholder serves Notice of Claim, the freehold reversioner has two months within which to reply.

See paragraph 7 in Schedule 3 to the Leasehold Reform Act 1967, below (with my added underlining):

 

(1) Where a tenant of a house gives the landlord notice in accordance with Part I of this Act of the tenant’s desire to have the freehold or an extended lease, the landlord shall within two months give the tenant a notice in reply in the prescribed form stating whether or not the landlord admits the tenant’s right to have the freehold or extended lease (subject to any question as to the correctness of the particulars given in the tenant’s notice of the house and premises); and if the landlord does not admit the tenant’s right, the notice shall state the grounds on which it is not admitted.

 

Source: http://www.legislation.gov.uk/ukpga/1967/88/schedule/3

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