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Sep, 2014

Tuesday

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  1. Thanks for the link Gordon999. So just to...

    Thanks for the link Gordon999. So just to confirm, there is no outstanding mortgage on the property as my friend has not taken any mortgage on this property (we have bought with cash 50/50)....
  2. Thanks all. King_maker particularly useful advice...

    Thanks all. King_maker particularly useful advice in regards gifting, can I ask what you mean when you say that it may complicate mortgage proceedings. I plan to go and see my solicitor on Thursday...
  3. SDLT liability for auction purchase cock up??

    Hi all

    If anyone could offer advice on the following I would be grateful.

    I agreed to purchase a property 50/50 with a friend. The property came up at auction while I was away in the States, so...
  4. Contractual Term: Do I have to pay SDLT twice?

    Hi all

    A contractual term on the special conditions of an up coming auction lot quoted below. Would this mean I may have to pay SDLT twice? Many thanks, Stev

    "The Seller is a contractual...
  5. Many thanks 'Land Registry Rep'. I'll be sure...

    Many thanks 'Land Registry Rep'.

    I'll be sure to consult my solicitor before committing to anything. I wanted to get a feel for the potential red tape before I took the time to go and view the...
  6. Section 22 of the Health and Social Services and Social Security Adjudication??

    Hi all

    I'm interested in a property that has just come on the market. I've phoned the agent who informed me that the property is being sold by the bank and that he hasn't any info on the lease...
  7. Thought it might be something to do with old...

    Thought it might be something to do with old money as it's a 999 year lease from 1937 that I'm looking at. Thanks for the confirmation.
  8. Rent on title is listed as £3.10.0. What does this mean?

    Hi

    Can anyone tell me what a ground rent of £3.10.0 means on a leasehold title? Is it as obvious as 3 pound and 10 pence or something more complicated?

    Thanks

    Steve
  9. Thanks Artful Dodger. Luckily, I'm not in a...

    Thanks Artful Dodger. Luckily, I'm not in a situation where I have to sort finance or risk losing a deposit, so I'll be making sure I get the best deal for me. Although snake oil sounds interesting...
  10. Thanks JK0. I think what bothers me at the moment...

    Thanks JK0. I think what bothers me at the moment is that I seem to be buying the right properties at the right prices and efficiently turning them around for a decent profit. Then comes the downtime...
  11. Smarter Financing - Cutting out the downtime

    Hi all

    I’m looking into property development financing in order to expand my current renovation activities and would appreciate any advice, tips or shared experiences (good and bad) that may help...
  12. Many thanks to all of you that advised. As it...

    Many thanks to all of you that advised. As it happens, the property was withdrawn from the auction at the eleventh hour, with the owner apparently refinancing and settling with the bank! The...
  13. Thanks for this. As it is too late in the day...

    Thanks for this. As it is too late in the day (the auction is tomorrow) I have decided to go straight to the horse's mouth and have emailed the auctioneer's legal team as well as the solicitor acting...
  14. Thanks that would be very helpful. The auction...

    Thanks that would be very helpful. The auction pack contains a special conditions of sale, with the sellers solicitor giving the following statements: 'The Transfer will be in form TP2' (I think this...
  15. No record of title at Land Registry. What does this mean?

    Hi all

    I am interested in a property that was built onto the end of an existing row of terraces. The newer property is 1a, built in 2008, and was built on the freehold land belonging to 1, which...
  16. Replies
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    361

    Can a Section 42 be assigned twice?

    Hi everyone

    Does anyone know whether a section 42 can be assigned twice? What I would like to do is outlined below:
    1)The leaseholder has passed away and her executor has served a Section 42.
    2)...
  17. Great, thanks for that. Do you also know whether...

    Great, thanks for that. Do you also know whether a section 42 can be assigned twice? A summary of the way I would hopefully like to proceed:
    1)The leaseholder has passed away and her executor has...
  18. Does an executor inherit the rights of a deceased leaseholder?

    Hi all, any help with the scenario below would be much appreciated.

    In regards to the rights of a leaseholder to extend a lease or serve a Section 42 Notice, does the executor(s) inherit the...
  19. I should mention that the vendor and the...

    I should mention that the vendor and the freeholder who would get the ££ for the lease extension are not one and the same if this makes any difference.
  20. Am I feeling lucky? SDLT on purchase and lease extension.

    Hello

    Can anyone let me know if I'm flukey or not?

    I'm planning on buying a flat with a short lease for £120k. I've already had a quote for extending the lease at £103k. Does this mean I don't...
  21. Hi It's a little over a month since my last...

    Hi

    It's a little over a month since my last post, but if I may, I would like to ask a couple questions more.

    Firstly, should I be paying ground rent if I own a share of freehold? I am currently...
  22. Understood. I feel this has greatly increased my...

    Understood. I feel this has greatly increased my understanding of the situation; what a great resource this forum is and what fantastic people for giving your time and knowledge so willingly.
    ...
  23. Thank you Joe. In this situation, whereby we...

    Thank you Joe.

    In this situation, whereby we are all leaseholders and are equal shareholders in the company owning the freehold rights, is it the case that should we all agree that we should...
  24. Thank you for your advice, I'm very grateful. ...

    Thank you for your advice, I'm very grateful.

    I understand your points apart from:

    And if the new values made it un viable then either
    - 2 would apply or
    - it would stay as it is

    Sorry if...
  25. Forcing a lease extension - advice greatly appreciated

    I have recently purchased a leasehold flat in a block of 24 other purpose built flats in London. The freehold interest is held by a management company, which is owned by the 24 leasees of the flats,...
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