A Your Housing Group shared 75% equity retirement flat has sold for only £39,129.26 after three years on the market, reports www.BetterRetirementHousing.com. The property is at Your Housing Group’s Heyeswood Retirement Village, in Haydock, Merseyside. The property was bought by the mother of Cath White in August 2015 for £92,213 but has now sold – […]
A frail pensioner who needs to pay for care has been hit with a demand for £2,000 to rent out her flat from freeholder Silhill Investments Limited. The demand has been issued to the family of Joan Nelson, of St John’s Close, Solihull, by Pennycuick Collins, which also wants £375 for “handling the negotiation and […]
The incoherence of freeholders’ applying sublet fees of leaseholders who let their properties out has been revealed in the latest nonsense from Pier Management. Nadja Severa has a leasehold property where the lease says she must “pay to the Landlord’s solicitor s a registration fee of Two Guineas in respect of each such assignment assent […]
… the debt-chasing solicitors correspond with a buy-to-let investor who is barred from renting out his flat LKP is not going to spend too much time on well resourced buy to let investors getting into a jam that their lawyers should have prevented, but this one is curious. The purchasers bought a flat in Thornton […]
… Which did not even need to be paid by the living Leasehold reached a new low with Pier Management demanding a subletting fee from a man who is dead. Nor was a sublet fee payable had Mr A Gaffney, of Dublin, been alive. Pier Management admitted it had not read the lease before demanding […]
In an extraordinary admission, Peverel / FirstPort says it has paid over thousands of pounds of contingency funds at Hillside Court, Ormskirk, to the landlord “by mistake”. Residents estimate that up to £40,000 is at issue, involving the one per cent contingency fund fess payable on sale of the properties.
An email from a grateful reader: Hi Sebastian, Just a quick line to say that thanks to the advice on your website, I was able to reduce the consent/registration fee from £175 to £55, with regards to subletting our leasehold property.
One of the properties i manage have recently send out subletting consent forms and advised that the charge of £220.00 + VAT would be payable once the form was received. The managing agents are BNP Paribas and the head lease states that they are allowed to charge a reasonable fee for subletting consent. We have […]
This is from Heather: Hi, I’d like to know a couple of things. We tried to buy a flat as a buy to let, we were later told the owner of the block had a clause saying properties could only be subletting after a deed of variation in the lease, for which we were told […]
This binding ruling by the Upper Chamber (Lands Tribunal) of January 2012 should be quoted in all correspondence where freeholders or their agents are demanding sub-letting fees of more than £40 plus VAT which are not specified in the lease Click here In monetary terms sub-letting fees are one of the more trifling little earners […]
… And then it cites an Upper Tribunal case to justify its fees (although the case actually refers to a couple who paid £3.15 for the registration) … oh, and it won’t discuss the matter further, with the clear implication that it take the issue to court. Which is exactly what the leaseholder should do […]
An appalled reader who received an £850 subletting demand from the boss of Hallmark Developments has had the bill slashed to £100 after contacting LKP / Campaign against retirement leasehold exploitation. Paul Couchman, of Stapleton in Bristol, received the demand after renting out his mother’s two-bedroom flat at Meadow Court in Braintree, Essex. Under the […]
Q&A from reader Please add views as comments When Haringey switched to an arms-length management organisation (Homes for Haringey) I figured it might improve the management of my two rented leasehold properties. But sadly all it meant was a £300+pa management fee slapped on top. In recent months their high service charges etc have irritated […]
By Jan Middleton With regard to the article ‘Panic at prostitutes results in £912 sub-letting fee demand’ article, Leasehold Knowledge Partnership readers may be interested in my own experiences at my leasehold estate this week. Concerns were raised with the police by a number of residents/leasehold owners – including me – that there was prostitution […]
The Leasehold Knowledge Partnership is frequently contacted for advice on freeholder’s try-on subletting demands. These include the subletting consent and the registration, and involve absolutely minimal bureaucracy by the freeholder and his managing agent. Yet charges are routinely £100 – £135, and then there are registration fees of around £75. Our advice to leasehold owners […]
A Leasehold Valuation Tribunal has had to tell Adderstone, a freeholder, to stop loading sub-letting fees – in yet another ruling on this subject. This time it is the Adderstone Group, based in Newcastle, but Estates and Management repeatedly does the same thing.