Cyclone Posted March 8, 2016 Share Posted March 8, 2016 No but some leases contain 'ground rent escalator' clauses by which rent is increased- either using a fixed formula or RPI etc. Not linked to the sale of the house though? Just on a time basis? Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted March 12, 2016 Share Posted March 12, 2016 Not linked to the sale of the house though? Just on a time basis? The escalator timescale is predetermined. Link to comment Share on other sites More sharing options...
Cyclone Posted March 14, 2016 Share Posted March 14, 2016 So it appears to be another case of Coppen Estates lying to homeowners. ---------- Post added 14-03-2016 at 08:14 ---------- We sold our house and Coppen wanted increased the ground rent from £30 a year to £160 for the new buyers. Mike Haslam who is an expert in this area dealt with this for us. We signed something (cant remember what it was called) for the new buyers to purchase the freehold under our name and in two years it would become theirs. The buyers paid all the fees except the first £3000 which it would have cost to buy the added years on the leasehold. Just quoting the post where that lie is explained. Which caused the vendor to buy out the freehold for £3000 + some additional amount that the buyer paid. ---------- Post added 14-03-2016 at 08:15 ---------- Mr Haslam does act for Coppen, you know. All on the advice of someone with a vested interest! Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted March 21, 2016 Share Posted March 21, 2016 Best not to allege 'lying', I think. Link to comment Share on other sites More sharing options...
Cyclone Posted March 22, 2016 Share Posted March 22, 2016 Misrepresenting the truth? Misleading someone? Assuming that what we've been told is accurate of course. Link to comment Share on other sites More sharing options...
shazzyb1 Posted July 14, 2016 Share Posted July 14, 2016 hello we are currently in the process of buying a house and are wanting the vendor to start the process of buying the freehold from coppen estate i have tried the link which was posted by jeffery shaw but unfortunatley it did not work to try to work out how much the freehold would cost roughly has anyone any ideas how to calculate it the house is being purchased for £161500 it has 67 years left on the lease and the ground rent is £35 per year thank you Link to comment Share on other sites More sharing options...
vincentb Posted July 14, 2016 Share Posted July 14, 2016 hello we are currently in the process of buying a house and are wanting the vendor to start the process of buying the freehold from coppen estate i have tried the link which was posted by jeffery shaw but unfortunatley it did not work to try to work out how much the freehold would cost roughly has anyone any ideas how to calculate it the house is being purchased for £161500 it has 67 years left on the lease and the ground rent is £35 per year thank you Looks the link has broken because they've restructured their website, but the Leasehold Advisory Service is still the place to find out: http://www.lease-advice.org/ . Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted July 15, 2016 Share Posted July 15, 2016 we are currently in the process of buying a house and are wanting the vendor to start the process of buying the freehold from coppen estate i have tried the link which was posted by jeffREy shaw but unfortunatley it did not work to try to work out how much the freehold would cost roughly has anyone any ideas how to calculate it the house is being purchased for £161500 it has 67 years left on the lease and the ground rent is £35 per year thank you There's no point trying to contact Coppen informally, by letter or telephone, as it's very rare that anyone there responds. Better: consult solicitor re serving a Notice of Claim. As this lease has a relatively short unexpired term, you' be looking at several thousand pounds to enfranchise (purchase the freehold reversion). At present, the problem is your vendor's; the lack of term severely devalues the house! Make him/her enfranchise first- or at the same time as you complete your purchase- or else you'd have to wait another two years to gain statutory rights to do it. Link to comment Share on other sites More sharing options...
shazzyb1 Posted July 15, 2016 Share Posted July 15, 2016 thank you for your replies i did have a telephone appointment with the lease advice org but they were unable to advise me on how much the price would be to buy the lease and told me to get in touch with a specialist solicitor which i did and he gave me a rough idea but now trying to work out all the costing of the surveyor the solicitors fee ect but having trouble getting quotes i believe we have to pay for the freeholders solicitor as well as surveys for both parties also if we do not come to an agreement we would have to pay to take it to a tribunal we only have a limited amount to budget for this and do not want to start something we can not afford Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted July 15, 2016 Share Posted July 15, 2016 thank you for your replies i did have a telephone appointment with the lease advice org but they were unable to advise me on how much the price would be to buy the lease and told me to get in touch with a specialist solicitor which i did and he gave me a rough idea but now trying to work out all the costing of the surveyor the solicitors fee ect but having trouble getting quotes i believe we have to pay for the freeholders solicitor as well as surveys for both parties also if we do not come to an agreement we would have to pay to take it to a tribunal we only have a limited amount to budget for this and do not want to start something we can not afford Yes, but equally- if you're going to buy the house at all- you can't afford not to. Link to comment Share on other sites More sharing options...
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