Report on Title
-
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A leasehold owner spent months trying to sell a flat before the buyer’s buy to let mortgage offer was withdrawn.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…
-
Who Must Sign a Deed of Variation for an Estate Rentcharge?
A property owner faced challenges remortgaging due to a deed of variation related to an estate rentcharge. Disagreements arose over which parties needed to sign the deed. HM Land Registry clarified that the necessary parties depend on the deed’s nature, emphasizing the distinction between amendments and variations is crucial for successful remortgaging.