[eccotalk] Re: Revisiting Freehold

  • From: Gordon Ferguson <gordon.ferguson@xxxxxxxxxxxxxx>
  • To: eccotalk@xxxxxxxxxxxxx
  • Date: Sat, 6 Jul 2019 08:32:11 +0100

We bought our freehold (on Rossington Road) in 2006. We got a letter from the then freeholder wanting to sell, so this would have made it easier since there was willingness on both sides. Nonetheless, the legal fees were considerably more than the rather nominal Freehold value - a total bill of a few hundred pounds if I remember correctly.

An interesting result of buying the freehold is that we acquired all the legal leasehold documents for the house, giving us a fascinating insight into the history of all the different occupants, right up to our own purchase in 1997.

Gordon


On 04/07/2019 10:46, Scott Royal (Redacted sender scottsroyal for DMARC) wrote:

We bought ours recently in order to build the extension. It was cheaper than paying the freeholder for their permission - which is a thing. You need freeholder permission to make any significant change to the building.

It cost me far more than it was worth and I wouldn't have bothered otherwise.

Scott

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    On Thu, 4 Jul 2019 at 9:33, Richard Brown
    <tyrone.packard@xxxxxxxxx> wrote:
    We would be interested in this but I wonder if it's a
    psychological matter.
    It's perhaps a bit like not wanting to have any debts. Apart from
    that I'm
    not sure what the planet will be like in 2800 let alone our
    neighbourhood.
    I'd buy it for £50 but I'm sure the interested parties (Freeholder
    and legal
    profession) will be voracious meat eaters (also bad for the
    planet) and will
    demand their kilo (pro european weight denomination) of flesh.
    Regards,
    Richard Brown.

    On Wed, Jul 3, 2019 at 10:47 PM Gwen Wilson <wilsongw123@xxxxxxxxx
    <mailto:wilsongw123@xxxxxxxxx>> wrote:

        I looked into it recently and I am interested.

        Gwen

        On Wed, 3 Jul 2019 at 22:44, Moira Priestman
        <moirapriestman@xxxxxxxxx <mailto:moirapriestman@xxxxxxxxx>>
        wrote:

            Hi All,

            I'm revisiting the Freehold conversation as Geof and I
            have received an unexpected letter today from Fairways
            Property Management asking us if we wish to purchase the
            Freehold of our house on Endcliffe Glen Road.  (We have
            been wanting to do this for some time but there have been
            difficulties tracing the Leaseholder.)  It will involve
            paying the fee requested but also paying for a solicitor
            from our side.  We are happy to do this.  We wonder,
            though, if others have received the same letter and are
            interested in buying the freehold of their properties.  If
            so, perhaps we could hire a solicitor as a group as this
            may reduce the fees for each householder.

            Moira and Geof


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