If you know that the freeholder of a property is not very cooperative and you can never contact him, would you buy the leasehold?
I am a first time buyer, awaiting for some discrepancies to be sorted on the address of the flat that I have put an offer back in mid January. I have done some investigation and asked 2 neighbors of the same small block about the freeholder. One told me that the freeholder is almost impossible to contact, that never sends receipts of the ground rent that is paid yearly, that he doesn't know which company the freeholder is using for building insurance and a few more things... Anyhow I told person number One, if he was satisfied... his answer was: well you know in London there are so many dreadful freeholders that I am not wasting my time with mine. I found that incredible. What if you need to contact this mysterious freeholder and you can't? Person number Two told me, that around August the freeholder sends the bills for ground rent and building insurance, but rarely he sends any receipts. I am getting a bit worries about this flat. Can you give me some advise? Many thanks.
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