LandlordZONE

20

Aug, 2014

Wednesday

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  1. Replies
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    Hi Have there been any former cases of this?...

    Hi

    Have there been any former cases of this?
    Where a freeholder has then taken back the property.

    Or Where the freeholder suddenly gets more rights?
    None of the sites that talk about a 50year...
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    Sorry I know it's not going to say directly, but...

    Sorry I know it's not going to say directly, but where it might hint at more freeholder rights once you do go this route.

    I know you can't re extend again after you go this route.
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    Thanks for this. I see not many people go this...

    Thanks for this.
    I see not many people go this 1967 route of 50 years anymore.
    I was looking through the legislation. Do you know where it says it makes it easier for the landlord to redevelop?
    ...
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    Thanks Yes I checked locally and £200 was...

    Thanks

    Yes I checked locally and £200 was about the max anyone is paying.
    I'm just coming out with way over the top amounts for going the 50 year route, even the law fees won't be £10k more like...
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    Thanks for this. I'll try to get more info...

    Thanks for this.

    I'll try to get more info today.
    Yes I paid on the land registry site and the records show.

    The lease on the land register only shows the original freeholders as the owners,...
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    Hi thanks for your input Gordon, the rough...

    Hi thanks for your input Gordon, the rough calculations came from 2 phone calls to 2 separate solicitors they both said "very roughly based on what you've told me" one gave £100k as arough quote and...
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    Am contacting solicitors at the moment, but even...

    Am contacting solicitors at the moment, but even without contact, here are rough sums.

    Value of house if renovated £280k
    Value of house as it is with 13 years lease £100k
    Value of house with...
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    Thanks again for your help, when we have decided...

    Thanks again for your help, when we have decided what we are doing I would love to gift you a small token as a good will gesture.

    I am going to seek a solicitor and talk for an hour or 2 on best...
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    Hi yes sorry to be annoying, I'm just going back...

    Hi yes sorry to be annoying, I'm just going back to the point, I know it's a wasting asset but from a previous comment, It was said he could not use the law that I had seen where you extend or renew...
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    If the 100k is given it will be so that he can...

    If the 100k is given it will be so that he can attempt to purchase the leasehold or purchase an extension on lease by say 90 years.

    People in pup are pretty serious about just giving the money,...
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    Not sure about forum rules, but thanks so much to...

    Not sure about forum rules, but thanks so much to everyone who helped, wasn't offended by anyone and hope I didn't offend anyone.

    Slightly surprised by the fact that because he bought in 70 the 67...
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    Also here's where were at, you can agree or...

    Also here's where were at, you can agree or disagree.
    This guy paid all his life and got zero.
    I live in one of the most expensive parts of London.
    At my local pub they may put up the money for...
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    Am going to advise him tomorrow. I know it's...

    Am going to advise him tomorrow.

    I know it's his fault but what a shame, he's paid £200k and paid his mortgage all done through his life now he owns nothing.
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    Ahhh I get it now thanks so much for your help. ...

    Ahhh I get it now thanks so much for your help.

    Ok will check, I did actually ask him this a while ago.
    How did you get a mortgage with a short lease?

    But he told me back in the 60s banks...
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    Expiring Lease on House

    I've learnt a lot from this forum, however a bit confused by one thing.

    I have an friend at the local pub in his 70's

    He has a house probably worth £230k (same street go for up to £280k but are...
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