"Minie my advice would be seek professional advice, I would trust what you'll here on a fab forum "
Of course I will do that also, I'm interested to see what other peoples experiences of this are too.
Thanks  |
Reply privately, Reply in forum +quote
or View forums list | |
So many dependencies..
How many flats
Condition of roof
Co-operation of others when it comes to paying monthly fee
It can be a minefield... but also a release from having no control over landlords desire or lack of desire to maintain building... |
Reply privately, Reply in forum +quote
or View forums list | |
"I would love to buy the freehold of my flat, but the other 2 (3rd one being council so not needed) are not interested... we were just charged £20k each for major works.... one being the roof... "
Ouch ! How does that work if theres no sinking fund? Do you have to cough up immediately or what? |
Reply privately, Reply in forum +quote
or View forums list | |
 |
By *uzzy NavelWoman
over a year ago
so near and yet so far.... |
I bought the freehold of my property in Nottingham, it had been converted into 4 flats, so as we all were owners we bought the freehold for £1000, pay 100 a month to cover any issues, so far so good. |
Reply privately, Reply in forum +quote
or View forums list | |
"I would love to buy the freehold of my flat, but the other 2 (3rd one being council so not needed) are not interested... we were just charged £20k each for major works.... one being the roof...
Ouch ! How does that work if theres no sinking fund? Do you have to cough up immediately or what?"
3 options...
Pay lump sum 5% discount
3 years interest free instalments
Put a charge on the property
Wound me up having to contribute to the balconies when I'm ground floor... alas, that's what it's all about... I would never buy a flat again...
Anyone wanna buy a flat?!?!?
 |
Reply privately, Reply in forum +quote
or View forums list | |
"I would love to buy the freehold of my flat, but the other 2 (3rd one being council so not needed) are not interested... we were just charged £20k each for major works.... one being the roof...
Ouch ! How does that work if theres no sinking fund? Do you have to cough up immediately or what?
3 options...
Pay lump sum 5% discount
3 years interest free instalments
Put a charge on the property
Wound me up having to contribute to the balconies when I'm ground floor... alas, that's what it's all about... I would never buy a flat again...
Anyone wanna buy a flat?!?!?
"
That's useful to know, thanks for that.
|
Reply privately, Reply in forum +quote
or View forums list | |
"I would love to buy the freehold of my flat, but the other 2 (3rd one being council so not needed) are not interested... we were just charged £20k each for major works.... one being the roof...
Ouch ! How does that work if theres no sinking fund? Do you have to cough up immediately or what?
3 options...
Pay lump sum 5% discount
3 years interest free instalments
Put a charge on the property
Wound me up having to contribute to the balconies when I'm ground floor... alas, that's what it's all about... I would never buy a flat again...
Anyone wanna buy a flat?!?!?
That's useful to know, thanks for that.
"
My landlord is the council/Housing association, so can afford to be more flexible |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
