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Enquiry into 'Lease being defective'
LallyHay
Posts: 30 Forumite
My solicitor has just emailed me to say there is an enquiry by purchaser's solicitor, in relation to the lease on the (purpose built)flat I am selling being defective. There was no detail about what bit of it is defective.
When I purchased in 2006 (with mortgage) no issue was found. We also changed to a different mortgage provider in 2011, I presume the mortgage company's legal team would also have checked the lease before providing the mortgage?
Is it common for leases to be defective? How serious an issue is it? Any remedies? I appreciate that because my solicitor hasn't said what the problem is, it is hard for anyone to provide exact answers..but any advice/reassurance is much appreciated. Thanks.
When I purchased in 2006 (with mortgage) no issue was found. We also changed to a different mortgage provider in 2011, I presume the mortgage company's legal team would also have checked the lease before providing the mortgage?
Is it common for leases to be defective? How serious an issue is it? Any remedies? I appreciate that because my solicitor hasn't said what the problem is, it is hard for anyone to provide exact answers..but any advice/reassurance is much appreciated. Thanks.
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Comments
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There is no way anyone here can comment till you know in what way the lease is defective.
Ask your legal advisor.....?
:cool:0 -
Thanks G_M, I have left message for solicitor for more information - but they closed at 5:30 for the weekend. I was just hoping I could do some investigation over the weekend to reduce the worrying, but know that I need to know more details first.0
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Breathe deeply and relax.
Defective is a much overused term as often for something tiny and "nitpicking" is easily solved and rarely something which is world ending.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
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