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buying Neighbours parking space
ziggyboy4435
Posts: 74 Forumite
Hi everyone ,
Im looking to buy a Neighbours parking space, We have agreed on a price and was looking for some advice on how to set the ball rolling and get some advice, It is a new build property and he has a split mortgage with the bank and the wimpy homes so who do i need to speak to and is it possible ?
Thank you
Im looking to buy a Neighbours parking space, We have agreed on a price and was looking for some advice on how to set the ball rolling and get some advice, It is a new build property and he has a split mortgage with the bank and the wimpy homes so who do i need to speak to and is it possible ?
Thank you
0
Comments
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ziggyboy4435 wrote: »Hi everyone ,
Im looking to buy a Neighbours parking space, We have agreed on a price and was looking for some advice on how to set the ball rolling and get some advice, It is a new build property and he has a split mortgage with the bank and the wimpy homes so who do i need to speak to and is it possible ?
Thank you
You need to contact everyone, and both apoint solicitors!
You can’t sell part of a property which has been provided as security for a loan without the agreement of the loan provider.
In this case the mortgage company and the developer.
Your neighbour might find that either, or, both of the loan providers, if they agree to the sale, will want the proceeds of the sale to set against the loan.0 -
it'll be pricey once you've got all the consents, changed deed with Land Reg, paid legal costs. i think I'd just come to an informal rental agreement with neighbour0
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really need to buy it to extend my garden , i dont want it for parking another car0
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