Historical Lender Requirements
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My Environmental Search Passed When I Bought, So Why Has My Buyer’s Search Failed?
When selling a property, discrepancies between environmental search results can arise, potentially complicating the sale. Different methodologies, new information, or varied product types can cause one report to recommend further action while another passes. Sellers should carefully review both reports and the advice received during the original purchase to address buyer concerns.
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Estate Rentcharges: The Freehold Charge That Can Put a Mortgage at Risk
An estate rentcharge may involve a modest annual payment, but its enforcement provisions can threaten mortgage security and cause problems during a later sale or remortgage.