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.
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Defective Lease: What to Check From When You Bought
You’ve found a buyer for your flat, or you’re moving to a better mortgage deal. Then your conveyancer comes back with news you didn’t expect: there’s a problem with the lease. Not with the building, but with the document itself. A defective lease can hold up a sale or a remortgage for weeks or months.…
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Accord Mortgages Changes Its Requirements for Defective Leases
Accord Mortgages has clarified when indemnity insurance may resolve a defective lease and when a missing Mortgagee Protection Clause requires a Deed of Variation first.