The House Buying Thread

I've bought a house! The sale completed today and I get to pick up the keys on Saturday. So I'll be joining the SW Surfers and terrorizing the good citizenry of Wiltshire with my London riding 'manners'.

Originally Posted by wyrdness

I've bought a house! The sale completed today and I get to pick up the keys on Saturday. So I'll be joining the SW Surfers and terrorizing the good citizenry of Wiltshire with my London riding 'manners'.

Yee ha! It can be done! Bow down in worship.

But more importantly.....

When's the house warming?

[Spiderman]

Congrats to you Wyrdness young man. Wishing you and the lovely lady many happy years there

And yeh, when are you having us all over?

OK to continue the House buying questions....

Lease Renewal....

Buying a property that needs one & Vendors have got a price from the freeholder for.....

Would you need to get the Vendors to renew or is it possible for you to agree with the freeholder to renew on purchase.completion/whatever without going through the 2 year wait & number crunching again?

Originally Posted by Sosha

OK to continue the House buying questions....

Lease Renewal....

Buying a property that needs one & Vendors have got a price from the freeholder for.....

Would you need to get the Vendors to renew or is it possible for you to agree with the freeholder to renew on purchase.completion/whatever without going through the 2 year wait & number crunching again?

Answer is to get the current owner (I assume it's a flat and that the current owners have owned for more than 2 years) to serve a section 42 notice and then assign the benefit of the notice to you. As service of the notice will bind them to taking the extension, they almost certainly won't do it till after exchange of contracts - well at least that's what I advise clients.