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selling a house

pink-ka Avatar
6y, 8m agoPosted 6 years, 8 months ago
hope this isnt a silly question but can anyone tell me how you found out if your house is leasehold or freehold? its my partners house but he doesnt know.
pink-ka Avatar
6y, 8m agoPosted 6 years, 8 months ago
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banned#1
he doesn't know if he owns a lease or the freehold are you sure
#2
land registry
#3
fragaliciousbob
he doesn't know if he owns a lease or the freehold are you sure


he thinks it might be leasehold, is it something to do with ground rent?
#4
Will state on your house deeds which will be most likely held by your mortgage company/bank.
#6
GAVINLEWISHUKD
Will state on your house deeds which will be most likely held by your mortgage company/bank.


hes gone looking in the attic to see if he can find them lol hes a pain in the bum at times.
#7
GAVINLEWISHUKD
Will state on your house deeds which will be most likely held by your mortgage company/bank.


most banks have a policy of not holding these documents any more, due to high storage costs and the fact that Land Registry is the authority on these matters (they tend to have a copy of every document effecting a property). Plus most people wouldn't be able to make head nor tails of land documents if given them. So a lot of the banks have adopted a policy of destroying them!
#8
he seems to remember something about ground rent when he bought the house, but he doesnt pay anything.
#9
Carley
If the house is mortgaged then the bank will have them.


yeah its mortgaged, hes gone looking in the attic to see if he can find some form of paperwork from when he got the house. will tell him to ring the bank if he has no luck.
#10
pink-ka
he seems to remember something about ground rent when he bought the house, but he doesnt pay anything.


you can in certain cases have ground rent in freehold properties, if he hasnt paid it expect the buyers solicitor to demand an amount for 6 years worth of ground rent upon completion of the sale from you
#11
roryk83
you can in certain cases have ground rent in freehold properties, if he hasnt paid it expect the buyers solicitor to demand an amount for 6 years worth of ground rent upon completion of the sale from you


i wish trying to sell a house wasnt so much hassle lol i really want to move but sometimes i cant be bothered with all the hassle. but its driving me mad living where we do.
#12
Very unusual for a house to be sold leasehold. It is normally happens with flats, where two properties share the same piece of land.
#13
Plum
Very unusual for a house to be sold leasehold. It is normally happens with flats, where two properties share the same piece of land.


my partner rang the mortgage people and they said its leasehold, he also found some documents about leasehold and something to do with a £1 a year. but hes never paid anything since buying the house 5 years ago, it might be classed as leasehold as we have a shared yard with neighbours. im just trying to fill out the HIP questionaire and thats a bloody pain in the bum they want who and how much ground etc but we havent got a clue as we have never paid anything.
#14
Plum;8059259
Very unusual for a house to be sold leasehold. It is normally happens with flats, where two properties share the same piece of land.

Not so, most of the semi detached house in my street are leasehold, mine's not :-D

When was the house purchased? If with the last 10 years or so, go to one of those websites that lists the price houses sold for in the area and they should say whether freehold or leasehold
http://www.nethouseprices.com/ is one :thumbsup:
#15
Plum
Very unusual for a house to be sold leasehold. It is normally happens with flats, where two properties share the same piece of land.


incorrect to say the least
#16
aardvarking
Not so, most of the semi detached house in my street are leasehold, mine's not :-D

When was the house purchased? If with the last 10 years or so, go to one of those websites that lists the price houses sold for in the area and they should say whether freehold or leasehold
http://www.nethouseprices.com/ is one :thumbsup:


thanks just done it and it says leasehold. just ringing the mortgage people back now see if they know who the ground rent is payable to and how much.
#17
aardvarking;8059326
Not so, most of the semi detached house in my street are leasehold, mine's not :-D

When was the house purchased? If with the last 10 years or so, go to one of those websites that lists the price houses sold for in the area and they should say whether freehold or leasehold
http://www.nethouseprices.com/ is one :thumbsup:


I have never heard of this.
What is the logical reason for a leasehold house?
Why would the person not just buy the Freehold?

roryk83;8059419
incorrect to say the least

Perhaps you could say more as I have never come across leasehold houses
#18
aardvarking
Not so, most of the semi detached house in my street are leasehold, mine's not :-D

When was the house purchased? If with the last 10 years or so, go to one of those websites that lists the price houses sold for in the area and they should say whether freehold or leasehold
http://www.nethouseprices.com/ is one :thumbsup:


I wouldnt say they are 100% reliable though.

For the authorative answer go to Land Registry - I cannot stress this enough
#19
Plum
I have never heard of this.
What is the logical reason for a leasehold house?
Why would the person not just buy the Freehold?


haha - maybe the freehold isnt available? Maybe the leasehold is on a long lease say 999 years etc....hundreds of reasons.
#20
Plum


Perhaps you could say more as I have never come across leasehold houses


Well what do you want to know? Leasehold houses are really common, probably make up about 55% of house ownership in this country. There can be historical reasons why the property is leasehold or it can be practical reasons.
#21
roryk83;8059478
haha - maybe the freehold isnt available? Maybe the leasehold is on a long lease say 999 years etc....hundreds of reasons.

Sorry what do you mean not available?
#22
Plum
Sorry what do you mean not available?


for example the owner of the freehold is willing to grant you an estate of his land but he wants to retain the overall ownership of the land, therefore he will grant you a leasehold but the freehold isnt available i.e. he wont sell it
[mod]#23
If you pay me £16 I can find out for you, today, how much your ground rent is.
#24
magicjay1986
If you pay me £16 I can find out for you, today, how much your ground rent is.


oh the joys of a land registry account
[mod]#25
roryk83
oh the joys of a land registry account


:)
#26
roryk83;8059494
Well what do you want to know? Leasehold houses are really common, probably make up about 55% of house ownership in this country. There can be historical reasons why the property is leasehold or it can be practical reasons.

I find this percentage difficult to believe. I have looked at thousands of houses for sale, and never come across one that was leasehold. Even if I missed a few, if over half houses in this country are leasehold I would have seen one by now. Unless of course it is regional difference and living in London it is not common. Although I have also done plenty of looking while around the country on holiday etc.
roryk83;8059506
for example the owner of the freehold is willing to grant you an estate of his land but he wants to retain the overall ownership of the land, therefore he will grant you a leasehold but the freehold isnt available i.e. he wont sell it

I thought the law was changed some years ago the allow leaseholders the right to buy the freehold of a property.
#27
Plum
I find this percentage difficult to believe. I have looked at thousands of houses for sale, and never come across one that was leasehold. Even if I missed a few, if over half houses in this country are leasehold I would have seen one by now. Unless of course it is regional difference and living in London it is not common. Although I have also done plenty of looking while around the country on holiday etc.

I thought the law was changed some years ago the allow leaseholders the right to buy the freehold of a property.


Firstly, estate agents do not always advertise properties correctly, until you have progressed to instructing a solicitor you will not receive a full report on title. Remember estate agents are not legally qualified individuals (and if you ask me they should be treated like mushrooms - kept in the dark and fed s***).

Secondly, I think you are confusing the right of a commercial tenant to automatic renewal of his lease, which is not the same thing. Or, you may be thinking of the right to buy scheme introduced by Twatcher, sorry I mean Thatcher, in respect of council properties. Again these were leasehold titles that the tenants purchased, but which often contained a restriction(s) on the ability to sell the property to relise a quick profit (usually 7 years or there would be conditions on repaying the discount received etc). Leasehold properties are very common in London due to the number of properties that have been converted into apartments etc - in fact a lot of the football clubs grounds are on long leaseholds!
banned#28
pink-ka
my partner rang the mortgage people and they said its leasehold, he also found some documents about leasehold and something to do with a £1 a year. but hes never paid anything since buying the house 5 years ago, it might be classed as leasehold as we have a shared yard with neighbours. im just trying to fill out the HIP questionaire and thats a bloody pain in the bum they want who and how much ground etc but we havent got a clue as we have never paid anything.


Where are you getting the H.I.P. from?
#29
pink-ka
my partner rang the mortgage people and they said its leasehold, he also found some documents about leasehold and something to do with a £1 a year. but hes never paid anything since buying the house 5 years ago, it might be classed as leasehold as we have a shared yard with neighbours. im just trying to fill out the HIP questionaire and thats a bloody pain in the bum they want who and how much ground etc but we havent got a clue as we have never paid anything.


You don't always have to pay..it's just a token gesture and to do with the shared land. My rent is a peppercorn! Obviously I don't pay...I must owe loads of peppercorns lol.
#30
bellabonkers;8061003
You don't always have to pay..it's just a token gesture and to do with the shared land. My rent is a peppercorn! Obviously I don't pay...I must owe loads of peppercorns lol.

When we lived in a leasehold flat the ground rent was £100 a year. However the freeholder could not be contacted through numerous searches. Because of this we were given back on purchase £600, which was the maximum rent of 6 years that could be claimed by the freeholder if they turned up and demanded backpayment. When we sold on we also passed on this £600.
#31
DLM
Where are you getting the H.I.P. from?


ive used my hip home, ive sorted it out now i think.
banned#32
pink-ka
ive used my hip home, ive sorted it out now i think.


How much did they charge you and did you have to pay straight away?
[mod]#33
Plum
When we lived in a leasehold flat the ground rent was £100 a year. However the freeholder could not be contacted through numerous searches. Because of this we were given back on purchase £600, which was the maximum rent of 6 years that could be claimed by the freeholder if they turned up and demanded backpayment. When we sold on we also passed on this £600.


I would just buy an indemnity policy (including successors in title) for Absentee Landlord. Saves the hassle.
#34
DLM
How much did they charge you and did you have to pay straight away?


it was £248 i think, i paid straight away, but there is an option to pay 9months later but i think that costs more, there is also something about getting some money back when you sell your house but not looked into that yet.
banned#35
pink-ka
it was £248 i think, i paid straight away, but there is an option to pay 9months later but i think that costs more, there is also something about getting some money back when you sell your house but not looked into that yet.


Mine was £239.49 after 9 months and I have just paid it.

No sign of my house selling.

I think HIPs are a bad idea :x
#36
DLM
Mine was £239.49 after 9 months and I have just paid it.

No sign of my house selling.

I think HIPs are a bad idea :x


me to, there a waste of money in my opinion, my dad sold his house before xmas and he said the buyer wasnt even interested in looking at the HIP. i heard they might be fizzling it out in the near future but its stupid how you have to have one before you can market your house. we havent got our house up for sale yet and i cant be doing with all the bother now lol im not looking forward to the whole process.
banned#37
pink-ka
me to, there a waste of money in my opinion, my dad sold his house before xmas and he said the buyer wasnt even interested in looking at the HIP. i heard they might be fizzling it out in the near future but its stupid how you have to have one before you can market your house. we havent got our house up for sale yet and i cant be doing with all the bother now lol im not looking forward to the whole process.


It is rubbish, I feel like I have set fire to £240 :cry:
#38
DLM
It is rubbish, I feel like I have set fire to £240 :cry:


i think it should be the buyer who should pay for it if they want to see it like they do with a survey. i think we will have problems selling our house as it is originally a 1bedroom stone cottage but the attic has been converted into a bedroom so the estate agents said they can only advertise it as 1bedroom with attic storage so cant see many people looking at it or even searching for a 1bedroom to be honest.
banned#39
in case anyone else needs to know, easy way to find out

http://www.landregistry.gov.uk/wps/portal/Property_Search

tells you what the tenure is
banned#40
pink-ka
i think it should be the buyer who should pay for it if they want to see it like they do with a survey. i think we will have problems selling our house as it is originally a 1bedroom stone cottage but the attic has been converted into a bedroom but without planning permission so the estate agents said they can only advertise it as 1bedroom with attic storage so cant see many people looking at it or even searching for a 1bedroom to be honest.


Aw, can't you get planning permission now?

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