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[Urgent] Half of my garden belongs to council??

Hi,
I am in the process of buying a house. My offer is accepted, I got my mortgage etc. etc.
Now, half an hour ago, EA called and said, the vendor just found out the 30ft of 70ft garden belongs to Epping Forest Council???

Could someone give me an advice?Should I pull off everything, ask for reduction on the price or what?

Thanks in advance...
Bill
:p

Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    I dont know how the vendor can have "only just found out" as im fairly certain it should show on the deeds.
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • silvercar
    silvercar Posts: 50,949 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    i think, but I'm not 100% sure, that you can take out some kind of insurance against the council demanding it back. After so many years (4,6 12?) you may be able to cliam it as your own - at least to the point where no-one can reclaim it. This may be squatters rights but may not.

    Sorry to be vague. I do know of someone who found that a house building firm owned their driveway. Their solicitor advised them to pull out but they still bought!

    You need to find out from your solicitor what the insurance options are before contactng the council, as tipping off the council would void any insurance.

    As far as price goes, I would seek a reduction based on what it would cost to purchase that land (if that was possible).
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • DrFluffy
    DrFluffy Posts: 2,549 Forumite
    Is the land under covenent?
    April Grocery Challenge £81/£120
  • newdell
    newdell Posts: 14 Forumite
    Tomorrow I will both talk to my Solicitor and the council. I don't understand how come my solicitor didn't say anything after all these searches. And yes, vendors finding it out now is quite weird. But, she was such a nice lady...
    DrFluffy,
    Soory but couldnt understand what you meant :)
    :p
  • DrFluffy
    DrFluffy Posts: 2,549 Forumite
    Sorry - this gives more succint detail than I ever could!

    http://www.barsby.com/restrictivecovsi2.html
    April Grocery Challenge £81/£120
  • roswell
    roswell Posts: 2,447 Forumite
    Assuming that the land has been fenced off for 12 years and has been maintained the owner can claim it i believe.
    If it doesnt pay rent sell it.
    Mortgage - £2,000
    Updated - November 2012
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