Absent Freeholder: Problems Selling or Remortgaging
Is an absent freeholder holding up the sale of your flat? Missing leasehold information, unanswered enquiries or uncertainty about buildings insurance can leave a buyer’s solicitor or mortgage lender unwilling to proceed.
Were you warned that the freeholder’s absence could affect a future sale? Visit When I Bought’s absent freeholder guide to explore the issue and arrange an initial conversation about your purchase.
Missing freeholder holding up your sale or remortgage?
If the problem was not explained when you bought, you may now be wondering whether you received the right advice. When I Bought explores which purchase records may matter and offers an initial conversation about what happened.
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The Lease Restriction That Cost a Homeowner Their Sale
A leasehold owner spent months trying to sell a flat before the buyer’s buy to let mortgage offer was withdrawn.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…
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Why are leasehold garages delaying my house remortgage?
Remortgaging a freehold house can be complicated when associated garages are leasehold and the freeholder is unresponsive. This can hinder obtaining essential information about insurance and maintenance obligations required by lenders. Both owners and conveyancers must assess the situation carefully to facilitate the remortgage process and address potential issues with the lease.