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Dear Group
Thank you for reading and for any help you can provide.
My neighbour, who is in her 70s, is moving back up North and almost bought a very dodgy flat (turns out only 1 flat was owner-occupied, the rest were rented out and horrible reviews on trip adviser, and two nightclubs nearby causing lots of noise) so she's had a lucky escape, but she has incurred solicitors costs and all told has spent well over £600. Now she has found another flat, which she is going to view this weekend, which was built by Bloor Homes in 2018. The seller bought it apparently for his mother who didn't want to live there, but my friend will probe on that front. Her main worry though is to avoid a flat with a lease that can become a nightmare with ground rent costs spiralling. Is there a way she can work out if the current owner of the lease is able to sell it on to a third party (I've just read a few articles that say developers are not obliged to mention this) without spending £££ on solicitors and searches? I know it's possible to get title register, but not sure if that would reveal the information required, i.e. looking at an example it doesn't appear to say whether or not this is possible. Thanks vm
PS I was being a bit slow. I just bought the freehold title register for my friend and the flat is owned by Adriatic Land, who have been mentioned in articles about nightmare leases, but they have different companies, Adriatic Land 1, 2, 3 etc, for different properties, so bit hard to tell if entity which owns flat my friend is looking at is tied to only charge a certain amount or whether they can basically please themselves. If anyone has had dealings with this company, good or not, I would value hearing about it. Many thanks.
Thank you for reading and for any help you can provide.
My neighbour, who is in her 70s, is moving back up North and almost bought a very dodgy flat (turns out only 1 flat was owner-occupied, the rest were rented out and horrible reviews on trip adviser, and two nightclubs nearby causing lots of noise) so she's had a lucky escape, but she has incurred solicitors costs and all told has spent well over £600. Now she has found another flat, which she is going to view this weekend, which was built by Bloor Homes in 2018. The seller bought it apparently for his mother who didn't want to live there, but my friend will probe on that front. Her main worry though is to avoid a flat with a lease that can become a nightmare with ground rent costs spiralling. Is there a way she can work out if the current owner of the lease is able to sell it on to a third party (I've just read a few articles that say developers are not obliged to mention this) without spending £££ on solicitors and searches? I know it's possible to get title register, but not sure if that would reveal the information required, i.e. looking at an example it doesn't appear to say whether or not this is possible. Thanks vm
PS I was being a bit slow. I just bought the freehold title register for my friend and the flat is owned by Adriatic Land, who have been mentioned in articles about nightmare leases, but they have different companies, Adriatic Land 1, 2, 3 etc, for different properties, so bit hard to tell if entity which owns flat my friend is looking at is tied to only charge a certain amount or whether they can basically please themselves. If anyone has had dealings with this company, good or not, I would value hearing about it. Many thanks.
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