Buying flat with short lease, to be renewed as part of the sale, turns out the person who everyone thought was the freeholder wasn't properly registered 15 years ago when they bought it, the official title belongs to a company, which now no longer exits. FML.
What to do? Buy with a short lease (66 years) and hope it'll be resolved some time in the future? Hang around for an unknown amount of time until it's resolved? Sack it all off and buy a campervan?
so who are the lessees paying their ground rent to- this unregistered freeholder?
what happens in the event of an unproven freehold?
how are they proposing to 'resolve' it?
Buying flat with short lease, to be renewed as part of the sale, turns out the person who everyone thought was the freeholder wasn't properly registered 15 years ago when they bought it, the official title belongs to a company, which now no longer exits. FML.
What to do? Buy with a short lease (66 years) and hope it'll be resolved some time in the future? Hang around for an unknown amount of time until it's resolved? Sack it all off and buy a campervan?