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Leasehold Houses

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Pussay Patrol Flag 26 Jul 17 3.14pm

[Link]

I didn't even know this existed ?

Is it not another example of big business being allowed to screw us at every turn?

It's bad enough not enough houses being built for ordinary people but to allow them to screw people like this is crazy, i'm glad they are banning it but how was it even allowed in the first place?

 


Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah

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View Part Time James's Profile Part Time James Flag 26 Jul 17 3.16pm Send a Private Message to Part Time James Add Part Time James as a friend

First question I asked when I bought our house, is it freehold or leasehold?

If you're in a block of flats it'll be leasehold unless you own the whole block. I deliberately annoy a woman at work who thinks she's the bee's knees that she could get turfed out of her flat

 




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View Part Time James's Profile Part Time James Flag 26 Jul 17 3.17pm Send a Private Message to Part Time James Add Part Time James as a friend

And of course that her leasehold could be ramped right up, as per the article.

 




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nickgusset Flag Shizzlehurst 26 Jul 17 3.35pm

Been a bit on Lbc lately with people having flats compulsory purchased for say £400k then been told they can move back in to refurbished flats for £700k. All leaseholders effectively told they have to pay a lot more if they want to stay. If you're letting your flat out you can't even make any comments at proposal stage.

Also, on the subject of house building. All new projects have to have a certain amount of lower cost 'affordable' properties. To have any chance of getting one, you need to be on circa 90k a year!
Is that affordable?

 

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View Part Time James's Profile Part Time James Flag 26 Jul 17 3.39pm Send a Private Message to Part Time James Add Part Time James as a friend

Originally posted by nickgusset

Been a bit on Lbc lately with people having flats compulsory purchased for say £400k then been told they can move back in to refurbished flats for £700k. All leaseholders effectively told they have to pay a lot more if they want to stay. If you're letting your flat out you can't even make any comments at proposal stage.

Also, on the subject of house building. All new projects have to have a certain amount of lower cost 'affordable' properties. To have any chance of getting one, you need to be on circa 90k a year!
Is that affordable?

Is 90k based on a mortgage of 360,000 for one person?

 




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nickgusset Flag Shizzlehurst 26 Jul 17 3.41pm

Originally posted by Part Time James

Is 90k based on a mortgage of 360,000 for one person?

TBH I not know.

 

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View Part Time James's Profile Part Time James Flag 26 Jul 17 3.44pm Send a Private Message to Part Time James Add Part Time James as a friend

Originally posted by nickgusset

TBH I not know.

Oh! I was just trying to work out the figures. I think for a single person it's very hard indeed to get on a property ladder in large areas of the country unless you want to live in a shack. I dispute that there's no affordable housing anywhere though, and also would take issue with the lack of affordable housing for couples.

 




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bubble wrap Flag Carparks in South East London 26 Jul 17 3.55pm

Got a mate who stupidly bought a masonette in amongst a block of them a few years back. Council decided to replace all the doors and windows and clad the outside, put a new roof on. There were 10 homes in the block so he had to pay 1/10th of the bill and got no say in the matter. Came to thousands and he had to remortgage to pay it. Very hard to find flats that are not leasehold but i am sure there is a rule stopping the lease being ramped right up. But like the above they get you to pay your share of the maintenance costs.

 

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View matt_himself's Profile matt_himself Flag Matataland 26 Jul 17 3.59pm Send a Private Message to matt_himself Add matt_himself as a friend

For people buying houses it's abhorrent and should be banned.

 


"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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View Part Time James's Profile Part Time James Flag 26 Jul 17 4.01pm Send a Private Message to Part Time James Add Part Time James as a friend

Originally posted by bubble wrap

Got a mate who stupidly bought a masonette in amongst a block of them a few years back. Council decided to replace all the doors and windows and clad the outside, put a new roof on. There were 10 homes in the block so he had to pay 1/10th of the bill and got no say in the matter. Came to thousands and he had to remortgage to pay it. Very hard to find flats that are not leasehold but i am sure there is a rule stopping the lease being ramped right up. But like the above they get you to pay your share of the maintenance costs.

I got the impression from an article I read last year that there was no such law to prevent leasehold costs being ramped up. Will see if I can find it. Have a feeling that was also BBC.

 




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View Part Time James's Profile Part Time James Flag 26 Jul 17 4.02pm Send a Private Message to Part Time James Add Part Time James as a friend

Ah, here we go!

[Link]

 




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View Part Time James's Profile Part Time James Flag 26 Jul 17 4.03pm Send a Private Message to Part Time James Add Part Time James as a friend

Nick will love the last line

I've thrown him a bone there!

 




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