We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Selling Residential/commercial -meters
steve1500
Posts: 1,460 Forumite
We are selling our house and business. Although one property it is on corner plot & has two linked title numbers & 2 different addresses. You can freely move between both addresses. We have received and accepted an offer.
We are unlinking the title deeds and we have blocked off access to the commercial property. The buyer is paying for the commercial bit in cash and getting a mortgage for the residential bit.
The survey has been carried out and the surveyor has got his knickers in a twist as there is only one gas & electric meter. He is demanding that another gas and electric meter be installed for the commercial bit. This is holding up the buyer getting the mortgage.
The meters are registered to the residential address, so what does it matter if there is only one set of meters, so long as the gas & electric company get their money they don't care & whats it got to do with the lender if you want to pay for someone elses's gas or electric.
Do we have to install another set of meters or is the surveyor talking out of the back of his..........
The surveyor will not be allowed to set foot in the commercial bit as that is being bought for cash so will never know if a set of meters have or have not been installed.
Thanks
We are unlinking the title deeds and we have blocked off access to the commercial property. The buyer is paying for the commercial bit in cash and getting a mortgage for the residential bit.
The survey has been carried out and the surveyor has got his knickers in a twist as there is only one gas & electric meter. He is demanding that another gas and electric meter be installed for the commercial bit. This is holding up the buyer getting the mortgage.
The meters are registered to the residential address, so what does it matter if there is only one set of meters, so long as the gas & electric company get their money they don't care & whats it got to do with the lender if you want to pay for someone elses's gas or electric.
Do we have to install another set of meters or is the surveyor talking out of the back of his..........
The surveyor will not be allowed to set foot in the commercial bit as that is being bought for cash so will never know if a set of meters have or have not been installed.
Thanks
Private Parking Tickets - Make sure you put your Subject Access Request in after 25th May 2018 - It's free & ask for everything, don't forget the DVLA 
0
Comments
-
If the properties are separate they should have separate meters. You may also find that commercial users may pay a different tariff.
The surveyor will not be allowed to set foot in the commercial bit
It would be an unwise purchaser who only had half a property surveyed.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards