Jump to content
House Price Crash Forum

Recommended Posts

Not sure what to make of this, but guess it pushes things into the long grass in many ways.

Leaseholders get to keep the lease with less hassle, but presume the families that pass on freehold down the generations won’t be too disturbed either.

https://www.dailymail.co.uk/money/mortgageshome/article-8540685/Government-advisers-propose-radical-leasehold-reform-potentially-helping-thousands-families.html

Link to post
Share on other sites

My mother in laws solicitor found an error in her leasehold deeds (two different dates that should have been the same) which apparently triggered a legal requirement to extend the leasehold to 2000 years as a compensation/punishment. 

https://www.kingsleynapley.co.uk/insights/blogs/real-estate-law-blog/the-neverending-lease-story-how-poor-drafting-can-create-a-2000-year-mistake

Wonder why the proposal is capped at 990 years? Implies something specific/legal happens at 1000, especially as there is precedent for leaseholds to go to 2000. 

Link to post
Share on other sites
23 minutes ago, regprentice said:

My mother in laws solicitor found an error in her leasehold deeds (two different dates that should have been the same) which apparently triggered a legal requirement to extend the leasehold to 2000 years as a compensation/punishment. 

https://www.kingsleynapley.co.uk/insights/blogs/real-estate-law-blog/the-neverending-lease-story-how-poor-drafting-can-create-a-2000-year-mistake

Wonder why the proposal is capped at 990 years? Implies something specific/legal happens at 1000, especially as there is precedent for leaseholds to go to 2000. 


Interesting, the perpetually renewable lease.... I vaguely recall this having studied a bit of law 25 years ago. Yes, I think when a lease can be perpetually renewed it can be converted to a term lease on the timescale you describe. Any solicitor should be able to put us right, though I daren’t ask for fear of getting an invoice.....I was once billed for waiving at my solicitor on the High Street and he then came over to talk to me......... (only joking, old legal joke I think).

Link to post
Share on other sites
3 hours ago, Mikhail Liebenstein said:


Interesting, the perpetually renewable lease.... I vaguely recall this having studied a bit of law 25 years ago. Yes, I think when a lease can be perpetually renewed it can be converted to a term lease on the timescale you describe. Any solicitor should be able to put us right, though I daren’t ask for fear of getting an invoice.....I was once billed for waiving at my solicitor on the High Street and he then came over to talk to me......... (only joking, old legal joke I think).

How dare people charge for their work and professional knowledge...

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.