Tag: Section 121
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The Estate Management Charge Was Not a Problem When I Bought. Why Is It Blocking My Remortgage Now?
A homeowner faced unexpected complications while attempting to remortgage due to an estate management charge requiring a deed of variation, despite it not being an issue during the original purchase or prior remortgage. This highlights potential hidden property problems that may emerge under new lender scrutiny, emphasizing the importance of comprehensive buyer education regarding estate…
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Why Do I Need a Deed of Variation to Sell My Property?
You bought your flat or freehold house, obtained a mortgage and completed without any apparent difficulty. Years later, you decide to sell or remortgage and are told that the lease, transfer or estate rentcharge provisions are unacceptable unless the relevant parties enter into a deed of variation. The document has not changed, so why has…