We're Going To Have To Pull Out Of Purchase : (

[Smowball]

We've discovered the sellers were lying about the length of the leasehold on the holiday home( quite how they thought they would get away with it I don't know!) but the searches/ Lamd Registry has discovered it's only 48 years and no way it can be extended as they only do 55 year leases in that area . It's just not long enough and will be hard to sell in a couple of years when it's even less : (

[Tilly2]

Snowball hasn't mentioned the cost. That is not the issue, Jackdaw.

[Mamyalynne]

Lucky escape then Smow.

hc, uncalled for but sadly predictable.

[Smowball]

Sorry jackdaw I'm confused?? Who mentioned not affording it? It's a dodgy sale is the issue.

[EDDIE51]

^^ Uncalled for but true! Sorry.

[Mamyalynne]

If you weren't so venomous I'd find that funny.

[hc4361]

What's true, Eddie?

[Smowball]

I am really confused!! whats been removed?

[Mamyalynne]

Was nothing pointed at you Smow - sorry if my contribution in any way derailed things.

Hope you find another property.

[Garaman]

You still haven't answered the crucial question 'How many years did the sellers say were left on the leasehold?'.

[Smowball]

Ah sorry I missed that. They said 87 years.

[Barmaid]

Smow - you know how to contact me. I cant put you in touch with the right person if necessary. BM x

[Smowball]

Will do Barmaid as just heard from auction house x

[murraymints]

phew !

[Barmaid]

*can* not *cant* fgs. Sorry!!!!!

[The Builder]

It "might" be worth pursuing, Smow. There are various options available under the Leasehold Reform Act(s).

Good legal advice is essential though. There are so many aspects to take into consideration.

[mikey4444]

OG has said it all at 16:47. Leaseholds are an accident waiting to happen for 100,000's of thousands of people in Britain. They should have been outlawed years ago.

[Garaman]

// there's no justification for keeping what clearly should be part of a package.//

There is every justification for saying that an owner ought to be able to lease part of his property out if he want to, and that he should be able to decide what is and what isn't part of the package.

[Old_Geezer]

The law already allows some contracts to be declared unfair in some circumstances. Leasing out in order to get one over on the buyer of a building ought to be one of those situations. Either someone has bought their home or they have not bought anything. There should never be a case of you have bought this but after a while you'll be screwed, and even earlier if you can't offload it onto another victim.

[Garaman]

Y//Either someone has bought their home or they have not bought anything.//

They have bought the right to to hold the property for a number of years, which bit of that can you not grasp? I have bought and sold leasehold properties which I could never have afforded to buy had they been freehold, so there are benefits to leaseholds.