I told her to write five cheques for 50p - as it'll cost their business account 50p per cheque to cash.
We have a weird one where they try and sting us for extra if we don't take our buildings insurance through their preferred insurer. Is that even legal?
Cheers for the thoughts guys. I guess if it doesn't change the house value and lease is very long then its pointless buying it unless you've got money to burn.
Quote from: cofe on September 15, 2016, 10:56:54 amWe have a weird one where they try and sting us for extra if we don't take our buildings insurance through their preferred insurer. Is that even legal?Sounds well dodgy if it is a traditional longstanding lease. A lease set up in more recent times might be different.Contact: www.lease-advice.org/ Its a free advisory service.
"My main motivation for buying it on my previous home was that I had gone ahead with an extension but not realised I needed to get permission and it seemed a cheap way of mitigating any comeback especially when selling."
Quote"My main motivation for buying it on my previous home was that I had gone ahead with an extension but not realised I needed to get permission and it seemed a cheap way of mitigating any comeback especially when selling."This!We've done various mods to the house, solar panels, velux etc all of which, when I read the small print of the lease, needed permission. Every year, our lease holders send us an letter offering to sell us the free hold. The price varies, sometimes they have an 'offer' at a reduced rate, something like 600 down from 800ish. If they do this again, I may just bite the bullet and do it, as we do plan to do further work (knocking through walls etc) and its just peace of mind that there'll be no issued if we sell. Has any ever heard of their house being 'inspected' randomly by the Free holder ??
Has any ever heard of their house being 'inspected' randomly by the Free holder ??
Personally, without criticising anyone's decisions, I wouldn't touch a leasehold property with a barge pole, let alone spend my hard earned on one. Far too many horror stories especially when it's not like there aren't plenty of freeholds knocking about. So yes SM I'd have thought it'd help increase your pool of potential buyers.