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Reply | Conveyancing Help
at 17:13 22 Jul 2025
I'd never normally look at leasehold, but I really didn't want to move house at the moment and it was the easiest way to get that 1st step onto the housing market.
Plus the lease is held by the owners of the properties so decisions regarding increases etc will happen between us not a landowner just taking a profit from us. |
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Reply | Conveyancing Help
at 17:08 22 Jul 2025
Cheers for the response.
Technically we're a house but it's in a building which has been converted into 6 properties, 2 houses and 4 flats.
The terms of the lease set the monthly payments to double every 25 years, there's over 900 years left on the lease, the lease is held by the owners of the 6 properties and currently managed by one of the owner occupiers.
My solicitor has asked for the rent to be changed to a peppercorn rent, which is currently in the process of being completed, but my issue is that the selling solicitor Sat on this request for around 7 weeks, whilst I was paying rent to his client.
It seems like there's not a lot that can be done about the delay and I've just got to such up the delay / extra cost! |
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Thread | Conveyancing Help
at 14:07 22 Jul 2025
After reading other posters receiving advice on similar issues I though I'd try as well.
I am in the process of purchasing my first property, which I am currently renting. My offer and mortgage were accepted and approved in March and have been going through legal's since then.
The issue I have is that the property is a Leasehold and there is a term in the Lease regarding escalating ground rent (which isn't collected as per the terms of the lease anyway!)
My conveyancing solicitor asked the sellers solicitor to get the terms of lease amended on the 23rd April, and from what I can see, this wasn't started to be actioned until the 11th June, and is still outstanding!
I am still paying rent to the seller and they are refusing to budge on the final selling price, this could drag on and on with them receiving more and more rent money from me.
My solicitor has legally said that there is nothing I can do to speed up the process and the sellers have no obligation to renegotiate on the selling price, my only options are to wait or threaten to pull out of the sale completely, leaving me out of pocket as the mortgage broker/ solicitors fee's will still have to be paid.
Can anyone advise me on whether there is anything I can actually do in this situation?
Cheers |
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