I am looking at a flat which has a lease of 85 years but the estate agent insists it is share of freehold. Indeed, I note the freehold has been purchased by the residents in the form of a holding company incorporated by the residents but I can't find which flats participated (land registry extract find which flats extended to 999 years). Shorter lease with share of freehold is less of an issue as I would be fine with paying legal fees. My understanding is that the share of freehold flats would have extended to 999 years at the same time as buying the freehold..I looked up the holding company on companies house but it doesn't have a list of shareholders as it is a private company by guarantee (so it has subscribers).
Have any of you encountered this before? I own a flat where the freehold was also purchased by the residents (but not all the residents participated). The freehold is owned by a company incorporated by residents and each leaseholder has a share in it.