leasehold flat
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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A leasehold owner spent months trying to sell a flat before the buyer’s buy to let mortgage offer was withdrawn.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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Missing Freeholder? Why Your Flat Sale Has Stalled and What to Check
The absence of a freeholder can halt leasehold property sales or remortgages due to the lack of necessary information, such as insurance evidence and lease agreements. The guide explains the implications of missing landlords, potential solutions, and emphasises the importance of understanding past legal requirements and documentation from the property purchase.