Defective Lease
Articles on defective leases and the problems they can cause when selling or remortgaging. Explore missing rights, unclear property boundaries, lender objections, deeds of variation and the records that may show what was known when the property was bought.
-
Trapped by a leasehold property: what might you have wanted to know before buying?
A leasehold problem may not become obvious when you buy. You may pay the service charge, keep up with the ground rent and live in the property for years without difficulty. The problem can surface later, when you try to sell or remortgage and a buyer, conveyancer, valuer or lender looks closely at the lease.…
-
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.