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Purchasing a freehold

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  • Purchasing a freehold

    Hi
    I'm Claire and I would be most grateful for some advice

    My father recently passed away having left no will and everything concerning the house etc in his name.
    I have finally completed and registered all the paperwork involved with HMRC and the probate office, to have all of this altered into my mothers' name. I now have the letters of administration to enable me to do this. The only thing now outstanding is the deeds to their property, for which the paperwork is lodged with the land registry office and is being dealt with.
    The house is leasehold and has another 23 years left to run..
    Having contacted "Estates & Management Ltd" to whom my father paid the ground rent, enquiring as to whether the freehold could be purchased, they offered to sell my mother the head lease......not what I'd asked them at all. I contacted them again and expressed an interest (on my mothers' behalf) in purchasing the freehold. They sent us details of the current owner for me to contact directly.
    All good so far, except I can't seem to trace them.
    I double checked with the land registry that their details were the same and they agreed it is registered as belonging to "Freehold Properties Limited". E & M Ltd. also gave me an address in London for them. They are no longer there. I have spent several hours hunting on the internet via search engines for them and re-contacted E & M Ltd. They confirmed their offer sent to my mother, stating that "Fairhold (Huddersfield) Limited (their clients) currently hold the head lease interest for my parents' property.
    Guess what......I can't find them either.
    I rang E & M Ltd again and excusing my ignorance on fully understanding what they were offering, I asked them just what my mother might be getting herself into with regards to what her liabilities would be.
    I have recieved another letter from E & M Ltd today confirming that they have not recieved any ground rent demands from Freehold Properties Ltd. for whom they now give me an address on Isle of Man.
    Another online search for them tells me that their status is dissolved.
    The letter also states that she would be liable to the freeholder for any ground rent dating back to a maximum of six years in accordance with section 5 of the Limitation Act 1980.

    I am now more confused than ever and any advice would be most welcomed

    Kind regards
    Claire
    Tags: None

  • #2
    Re: Purchasing a freehold

    I think we need to see the paperwork in order to get a full understanding of this.

    A solicitor would certainly be willing to see you to offer advice - with a view to ultimately acting for your mother on the acquisition of the freehold or a grant of a new lease.

    However you would need to take along the paperwork you have.

    Ask around to see what your local solicitors would charge for a 20 minute meeting to discuss the costs implications of sorting this out.

    Comment


    • #3
      Re: Purchasing a freehold

      Ive came across this post after googling FREEHOLD PROPERTIES LIMITED which own my fathers freehold .

      My father has just 24 years left on the lease and we decided to write a letter to Chancery St James who act on behalf of 'FREEHOLD PROPERTIES LIMITED' for a quote on purchasing the freehold and received a letter back stating £19,000 plus clients legal costs of £1,000 plus VAT etc.

      Now several months later im considering making an offer to FREEHOLD PROPERTIES LIMITED directly.
      Now on my register title which i got from the land registy the address is,
      FREEHOLD PROPERTIES LIMITED (incorporated in the
      Isle of Man) of Level 32, 30 St Mary Axe, London
      EC3A 8EP.

      Now i cant the above address listed on company's house and other searches have suggested it is now desolved.

      Does anyone have any dealings with FREEHOLD PROPERTIES LIMITED and does a quote of £19,000 represent a true value as are property is only valued at £120,000.


      Any help would be much appreciated.

      Comment


      • #4
        Re: Purchasing a freehold

        I'll check the company out on my credit check for you ...

        Thats weird there's loads of them all called Freehold Properties Limited and all have a different number at the end of the name, plus the address is in Kentish Town, I can't seem to acccess any further information as its on my phone, if you remind me tomorrow I will look up from my computer at work where I have more access and my codes etc are in the office.
        Re the Leasehold, my mum had a property like that and when I put it up for sale I was told the lease renewal would be £15,000 on the day of completion it suddenly jumped to £21,000 it took a load of soul searching to make my mind up what to do with 10 mins to go before the time ran out, I'm sure they make the numbers up as they go along.

        Comment


        • #5
          Re: Purchasing a freehold

          Thanks for the quick reply, i actually looked on company house and found the same info as you.

          But after a little digging on the address on my title register that the addess i.e
          FREEHOLD PROPERTIES LIMITED (incorporated in the
          Isle of Man) of Level 32, 30 St Mary Axe, London
          EC3A 8EP is actually the Gherkin and also noticed that the address above is actually.
          Chancery St James plc, London

          (Property Leasing)
          30 ST. Mary Axe, London, Greater London, EC3A 8BF

          Which whom i wrote to last year

          On the price of the freehold did you end up paying the £21,000, im actually thinking it might be cheaper for my dad to sell up and take a loss which i think would be actually less then £20,000 as ive noticed similar properties in my road selling both as freehold and leasehold which little differance in price.

          Comment


          • #6
            Re: Purchasing a freehold

            I didn't pay the £21,000 the new owners did, but I was badgered into meeting them halfway with the difference.

            Comment


            • #7
              Re: Purchasing a freehold

              Seems a very complex area and they have got you by the dogs dangles.

              Comment

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