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Freeholder rejecting variation to lease
Comments
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To be honest I don't think you can expect any freeholder to give carte blanche as your buyer seemed to want. They would always wanted some sort of check system in place since it's their building and including the requirement to ask was the answer.
Yes, they may always say yes but at least they know what is happening with their building.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Is the flat unsuitable for owner occupation?
Is it only attractive to buy to let investors?Posts are not advice and must not be relied upon.0 -
I can see what you're saying about the positives but to be honest that was always the situation and I feel as though we didn't need a deed to clarify the position. But you're right about going ahead with the deed. We're not getting our money back so rather than it being completely wasted it makes sense to get the deed..
But having done so then why not complete it?
As posted any sensible buyer is not going to say that they will buy with the promise that the landlord will give consent "anyway"; legally they can't!
And bear in mind that "policy" may change, all it takes is a difficult tenant nearby and the landlord reviews that policy. The fact tehy said one thing and presumably on legal advice said another, is proof of that.
I promise you you are adding value to your home by doing completing a deed on a right to let with consent.
A buyer insisting on no restriction is relatively rare, even in the BTL brigade.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
Is the flat unsuitable for owner occupation?
Is it only attractive to buy to let investors?
Not at all. It's just that we had an investor buyer.
We had an offer from a first time buyer and we're now waiting to hear whether she's still interested.propertyman wrote: »But having done so then why not complete it?
As posted any sensible buyer is not going to say that they will buy with the promise that the landlord will give consent "anyway"; legally they can't!
And bear in mind that "policy" may change, all it takes is a difficult tenant nearby and the landlord reviews that policy. The fact tehy said one thing and presumably on legal advice said another, is proof of that.
I promise you you are adding value to your home by doing completing a deed on a right to let with consent.
A buyer insisting on no restriction is relatively rare, even in the BTL brigade.
That's what I said - that I would complete it.0
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