- The Lease Restriction That Cost a Homeowner Their SaleA leasehold owner spent months trying to sell a flat before the buyer’s buy to let mortgage offer was withdrawn. The decisive problem was not the condition of the flat or the agreed price. The lease prohibited letting. The proposed buyer needed a mortgage for a property that would be rented out. Once the restriction… Read more: The Lease Restriction That Cost a Homeowner Their Sale
- I Bought the Flying Freehold for Cash. Now My Buyer’s Lender Will Not Accept ItA homeowner encountered issues selling a cash-purchased property with a flying freehold above an alleyway. Although an indemnity policy facilitated the purchase, it was not accepted by the buyer’s mortgage lender, highlighting the difference in requirements between cash transactions and mortgage-funded sales. This created complications regarding future mortgageability and marketability.
- The Builder Ignored Thames Water. Can the Flat Still Be Sold?A property owner discovered that an extension had been constructed over a Thames Water sewer without a build over agreement. Thames Water had reportedly told the builder that an application was required before work began, but the builder proceeded without making one. The problem went further. The original manhole above the sewer had apparently been… Read more: The Builder Ignored Thames Water. Can the Flat Still Be Sold?
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