General Discussion: Property


CovOne
CovOne avatar

8652 posts since 17/8/04

26 Aug 2006 19:16
Thinking about buying a flat that i really like, however the estate agent cannot tell me if the property is leasehold or freehold although they think it is freehold. basically they recommend getting a solicitor in to find out for you, for the sake of not paying a solicitor the fees ive gone on the land registery site and fond the flat and there are documents stating the flat is freehold and documents stating the flat is leasehold any one work in the property sector that might be able to help me out as to what the situation with, or am i going to have to fork out on a solicitor ??
Brad
Brad avatar

5013 posts since 20/6/01

26 Aug 2006 21:55
yep - gotta be done. if you don't and it all goes wrong, you've got no comeback, if u do it thru a solicitor, you should be safe and if not, you've got someone to blame/sue..

(btw, the estate agent sounds well dodgy, not being able to tell you basic stuff like that?)
Chilipepper
Chilipepper avatar

2236 posts since 18/5/03

26 Aug 2006 22:16
Can you give anymore details about the property? As far as I am aware, if you agree to buy the house outright from its owner it should be a freehold estate an you are the absolute owner. With a leasehold estate your technically buying the right occupy the house for a given length of time, so in other words you'll be renting and have a landlord and stuff.

I wouldn't really get a solicitor because
A) The estate agents really should know themselves- if not get them to do the work. If it all goes wrong at least you could sue them for negligent advice
B) Solicitors fees are extortionate anyway

___________________________________________________

http://search.ebay.co.uk/_W0QQsassZsir_kimkQQhtZ-1
R
R avatar

12963 posts since 17/5/03

27 Aug 2006 00:36
how can an estate agent not know if a property is freehold or leasehold????????
CovOne
CovOne avatar

8652 posts since 17/8/04

27 Aug 2006 01:10
the exact statement tht i have been given is:

Freehold not Confirmed
it is believed that this property is freehold, but we are unable to confirm this as we have to access to documentation, should you proceed with the purchase of this property these details should be varified with you solicitor

the reason im worrying is because the rest of the block is leasehold and on the landregistry site there has been a lease took out on the properties in the block…

the flat is here
http://www.cvproperty.co.uk/propertymax/search_.php?op=mi&id;=109
R
R avatar

12963 posts since 17/5/03

27 Aug 2006 01:34
get them to find out, must be their duty if they're selling the property?
themistake
themistake avatar

10373 posts since 20/2/06

4 Apr 2018 11:21
A quick question for anyone has any knowledge of this sort of stuff.

What’s the legal stance on the property developer entering your house after you’ve completed?

Had the most bizarre incident where I didn’t give permission for the developer to fit an obscuring glaze film to the balcony door but they’ve decided to come into the property whilst I was out and fit it, scratching the glass whilst fitting it.

Is it a simple case of illegaly entering a property?
Mookie_blaylock
Mookie_blaylock avatar

1554 posts since 19/7/06

4 Apr 2018 11:34
Yes, totally illegal, especially if they asked you and you said no.
You should contact your solicitor for advice.
themistake
themistake avatar

10373 posts since 20/2/06

4 Apr 2018 12:13
Thanks.
Do they have the right to even possess a set of keys?
It’s a flat, so they do own the building.
rural
rural avatar

17389 posts since 26/9/06

4 Apr 2018 12:44
As long as you’re the leasholder they shouldn’t have your flat keys without you allowing/knowing about it.
themistake
themistake avatar

10373 posts since 20/2/06

4 Apr 2018 15:06
developers now claiming they didnt enter the property but instead used a ladder to get onto my first floor balcony and then installed it Laughing out loud

Tempted to ask for the risk assessment.
complete jokers
EssexBoyII
EssexBoyII avatar

6181 posts since 5/6/07

4 Apr 2018 17:01
You can’t get a freehold flat, only leasehold (unless you live in Scotland). You can however buy a leasehold flat with a share of or the absolute freehold. Not knowing whether there’s a freehold interest or not is Laughing out loud how would you know who insures the structure or is responsible for what upkeep.
EssexBoyII
EssexBoyII avatar

6181 posts since 5/6/07

4 Apr 2018 17:03
Pm if you want. Im a property underwriter
Crackajack
Crackajack avatar

6807 posts since 21/4/05

4 Apr 2018 18:25
Can anyone recommend a good property / mortgage calculator? First time buyers but don't think we want to use those particular schemes.
Scottishmark
Scottishmark avatar

433 posts since 25/1/11

4 Apr 2018 21:37
Essex is pretty much spot on (and English property law is mental Laughing out loud ).
andymakesglasses
andymakesglasses avatar

19994 posts since 26/1/06

5 Apr 2018 08:01
EssexBoyII wrote: Not knowing whether there’s a freehold interest or not is Laughing out loud

Good advice, just ever so slightly late.

Crackajack wrote: Can anyone recommend a good property / mortgage calculator? First time buyers but don't think we want to use those particular schemes.

The MoneySavingExpert one works well but you need to know the interest rate of the mortgages you're looking at.

You're as well going on the individual companies' sites to check specific mortgages (e.g. the Halifax). Just checked that one with my details (I took out a Halifax mortgage a couple of years ago) and it's accurate.
Crackajack
Crackajack avatar

6807 posts since 21/4/05

5 Apr 2018 09:09
Cheers. Hard to start weighing up options without the foggiest idea what we can borrow.
deuce
deuce avatar

13570 posts since 21/1/08

5 Apr 2018 12:29
get a broker and save yourself a load of hassle
eazypz
eazypz avatar

2866 posts since 16/4/10

5 Apr 2018 12:36
Done our first mortgage ourselves and it was a massive ball ache.

Got a broker who charged £650, had a meeting with him for a couple hours and that was it, pretty much done and dusted.
Also, the mortgage we chose had a £500 cashback, so broker only really cost £150.

Would 100% recommend a broker.
Mookie_blaylock
Mookie_blaylock avatar

1554 posts since 19/7/06

posted 5 Apr 2018 13:10, edited 5 Apr 2018 13:10
+1 definitely get a broker for your first time, especially if affordability is a concern

Some brokers don't charge a fee, they get paid by the lender.