Can a leaseholder whose property is being refurbished buy a newly built property?
Qualifying leaseholders can choose to sell their properties to us. They can buy a new home at full market value. Leaseholders in blocks due to be demolished will be offered the option of purchasing an equity share only in the new properties, but we are not able to make this a standard offer to all leaseholders as this would affect our ability to deliver the Masterplan. However, leaseholders interested in this possibility should raise this in individual negotiations as we will attempt to accommodate such a preference if we are able to, depending on the take up from leaseholders in demolished blocks.
Related Questions
- I BOUGHT/BUILT/REFURBISHED MY PROPERTY SEVERAL YEARS AGO, BUT HAVE NOT CLAIMED CAPITAL ALLOWANCES (OR SUSPECT I MAY HAVE UNDER-CLAIMED). CAN I CLAIM THE MISSED ALLOWANCES NOW?
- HOW TO BUY PROPERTY Should I buy off-plan? That is, purchase property before it is built, at a discount off market rates, and then rent it out while I enjoy high returns?
- Can a leaseholder whose property is being refurbished buy a newly built property?
