Defending the Floodplain.

c0tt0nt0p

Well-Known Forumite
Flood warning has been issued for the River Sow
Screenshot_20200812-175207_Chrome.jpg
 

Trumpet

Well-Known Forumite
People up the road from us flooded to just below the electrical sockets, there next door neighbour has a flooded kitchen and conservatory.
 

Noah

Well-Known Forumite
It says that the Guildhall Shopping Centre and Indoor Market are closed ufn - but probably until later today because of minor flooding.
 

PeterD

ST16 Represent.
Not just a weird listing, its been bought. Would a lender allow a mortgage on houses built on that land?
 

GNM67

Well-Known Forumite
Not just a weird listing, its been bought. Would a lender allow a mortgage on houses built on that land?

As the is the freehold on the land, all the houses already built must be leaseholds so the yearly ground rent will provide a decent income
 

c0tt0nt0p

Well-Known Forumite
As the is the freehold on the land, all the houses already built must be leaseholds so the yearly ground rent will provide a decent income
Strange that, we looked at one of the 3 storey house there over 12 years ago and I don't recall it being leasehold (it's the sort of thing we would have noticed...)
 

Noah

Well-Known Forumite
Looks as though it was an access track to a building at the back of the other properties. Think the freehold only relates to this piece of land, not the adjoining properties.
 
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