kwijjibo 10 #1 Posted January 11, 2019 Hi, I hope someone can advise me. We've just found out our house lease only has 60 years left. This would mean that when we bought the house, 10 years ago, there would only have been 70 years left. I thought that if it was under 80 years there would of been a problem getting a mortgage etc. We got a Halifax mortgage and was never told anything about the lease. Do we have a case to complain or if not can anyone recommend a solicitor to extend or buy the freehold. Many thanks Share this post Link to post Share on other sites Share this content via...
geared 268 #2 Posted January 11, 2019 It really is something that should have been brought to your attention, it would be something that would have put alot of people off the purchase. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw 83 #3 Posted January 14, 2019 On 11/01/2019 at 16:52, kwijjibo said: Hi, I hope someone can advise me. We've just found out our house lease only has 60 years left. This would mean that when we bought the house, 10 years ago, there would only have been 70 years left. I thought that if it was under 80 years there would of been a problem getting a mortgage etc. We got a Halifax mortgage and was never told anything about the lease. Do we have a case to complain or if not can anyone recommend a solicitor to extend or buy the freehold. Many thanks Yes. Why on earth did your then solicitor not give you proper advice? But after ten years you'd be out-of-time for any complaint: Limitation Act 1980. Still, yes- you definitely ought to purchase the freehold reversion. Share this post Link to post Share on other sites Share this content via...
Billy-Jean 10 #4 Posted January 15, 2019 Yes you should get some legal advice and seek a Solictor to purchase the freehold for your property it could be very expensive as its only got 60 years left the golden rule is to never let it go below 80years. Look for Mr Jeffrey Shaw on this forum he is a Lease specialist Solictor and is a moderator on this forum. ( i just hope your lease holders are not coppen estates ) Share this post Link to post Share on other sites Share this content via...
kwijjibo 10 #5 Posted January 18, 2019 Many thanks for your replies. Sadly, yes it is with Coppen 😟. I have been in touch with them just need to start the ball rolling as we are wanting to sell. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw 83 #6 Posted January 20, 2019 On 18/01/2019 at 09:23, kwijjibo said: Many thanks for your replies. Sadly, yes it is with Coppen. I have been in touch with them just need to start the ball rolling as we are wanting to sell. Coppen are NOT the 'leaseholders'- you are; Coppen owns what is probably just the freehold reversion. Plus it's usually an unnecessary delay if you fruitlessly try to contact the company. Instead, have your solicitor serve a Notice of Claim [1967 Act] to start the formal mechanism in order to winkle-out your house's f/r. Share this post Link to post Share on other sites Share this content via...
topflat29 10 #7 Posted January 23, 2019 (edited) The free guide to valuation to buy the freehold title for leasehold house can be downloaded from LEASE : https://www.lease-advice.org/advice-guide/leasehold-houses-valuation/ There is an example valuation for leasehold house with 65 years remaining and market value at £120K , the cost for buying the freehold title came to around 6%. So for your leasehold house with 70 years remaining , the cost may be roughly around 4% ( its just a rough guess ). If you are looking for a solicitor with experience in L&T matters , then Jeffrey Shaw is a good choice to ask for a quote Edited January 23, 2019 by topflat29 Share this post Link to post Share on other sites Share this content via...
CoffeeQween 0 #8 Posted January 24, 2019 I recently successfully purchased the freehold title on my house in Hillsborough off Coppens Estates with the help of Jeffrey Shaw and James Murray at Jones Solicitors in Bawtry. It had 81 years on the lease, i also was not properly advised when buying the house I don't feel, but these gentlemen were excellent at sorting the situation out. It took 4 years and Coppens were uncooperative at best. The whole process cost me £15k on a £140k house. Best of luck! Share this post Link to post Share on other sites Share this content via...
Billy-Jean 10 #9 Posted January 25, 2019 On 24/01/2019 at 15:32, CoffeeQween said: I recently successfully purchased the freehold title on my house in Hillsborough off Coppens Estates with the help of Jeffrey Shaw and James Murray at Jones Solicitors in Bawtry. It had 81 years on the lease, i also was not properly advised when buying the house I don't feel, but these gentlemen were excellent at sorting the situation out. It took 4 years and Coppens were uncooperative at best. The whole process cost me £15k on a £140k house. Best of luck! It took 4 years and 15k wow 😮. Just make sure if anyone is buying a house that the leaseholder/ freeholder is not with coppen estates. Best to buy a free hold property. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw 83 #10 Posted February 3, 2019 On 25/01/2019 at 19:48, Billy-Jean said: It took 4 years and 15k wow 😮. Just make sure if anyone is buying a house that the leaseholder/ freeholder is not with coppen estates. Best to buy a free hold property. Yes, buying a freehold is better (if it's a house, not a flat). But someone wanting to buy a leasehold house (P) could arrange for the leasehold vendor (V) to serve a Notice of Claim once contracts are exchanged, as long as V has owned the leasehold for at least two years. That way, P would not need to wait another two years. Share this post Link to post Share on other sites Share this content via...