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Hi Susannah, do you and the other residents own a share in the Freehold or is the Freeholder an independent party? Kind Regards Al
Hi, thanks for your reply. Well, I'm afraid that there is no public record available to see if the owner has had the property repossessed. Likewise, the property will remain in the owner's name until the Flat I sold (the Deeds aren't changed into the name of the Bank upon a property being repossessed). The only way of getting any information would be for the Freeholder to write to the Bank, stipulating that the owner is in breach of the terms of the Lease (for non payment of ground rent or service charge for example) and this would pre-empt the Bank from disclosing the fact that the property has been repossessed. Furthermore, the Freeholder cannot force the Bank to sell if it has been repossessed, although all Banks will want to sell as soon as the property is marketable. So, fingers crossed, it will be placed on the market soon, but in the meantime, I'm afraid there is nothing you can do to force the issue and it is up to the Freeholder to demand that the Bank carry out any necessary repairs, if the property has been repossessed. I am sorry this is not the answer you were looking for, but it sets out the legal position. Kind Regards Al
Hi, if I have answered your question, I would be grateful if you could rate my answer, so I may get credited for my time. Kind Regards Al
Hi, please don't forget to rate my answer, if I have helped. Kind Regards Al