Historical Lender Requirements
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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…
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A Restrictive Covenant Breach Is Holding Up My Sale. Why Wasn’t It a Problem When I Bought?
You bought your home, obtained a mortgage and completed the purchase. Years later, the buyer’s solicitor identifies a restrictive covenant breach. Your sale is now waiting for evidence of consent, an indemnity policy or another solution. The extension, conservatory or other alteration may have been there when you bought. So why is it becoming a…