Absent Freeholder: Selling or Remortgaging
An absent freeholder can create problems when selling or remortgaging a leasehold flat. A buyer’s solicitor or mortgage lender may raise questions about ground rent, buildings insurance, repairs or obtaining consent under the lease.
These articles explore the difficulties owners can face, the role and limitations of indemnity insurance, and why mortgage lender requirements matter. If the problem existed when you bought, your original conveyancing file and the lender’s instructions at the time may help explain how the purchase proceeded and what advice you received.
Absent freeholder?
Find out what you were told when you bought
If the freeholder was already missing when you purchased, your original conveyancing file and your lender’s requirements at the time could show whether the issue should have been picked up and what advice you received.
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The Freeholder Is a Company Nobody Answers: Why Is Your Flat Sale Stuck?
The article discusses challenges associated with selling a flat where the freeholder is unresponsive. It highlights the importance of identifying missing information or required consents for the sale, the potential roles of conveyancers, and the complexities involved in dealing with companies and legal requirements. Guidance on assessing options and necessary actions is provided.
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Absent Freeholder: What Did Your Mortgage Lender Require When You Bought?
Historical lender requirements for an absent freeholder can matter when a flat becomes difficult to sell or remortgage. The original purchase may have completed with a mortgage and an indemnity policy. Years later, a buyer’s lender asks questions that nobody can answer. Why did the first lender proceed? Was the freeholder already missing? What was…