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Is there a legal solution for a landlocked property?
eloy7
Posts: 116 Forumite
I found a mid terraced house, which well fitted my requirements, and was below the market price (later, I found why). I made an offer and was accepted by the vendor (i.e. mortgagee).
Then, the estate agent advised me that this property is landlocked. The previous owner has separated the title deeds for front and back yards. Now, owner of the house cannot enter the house.
Is it a common problem (totally new to me), and is there any legal solution for that?
Then, the estate agent advised me that this property is landlocked. The previous owner has separated the title deeds for front and back yards. Now, owner of the house cannot enter the house.
Is it a common problem (totally new to me), and is there any legal solution for that?
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Comments
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accepted by the vendor (i.e. mortgagee).
So it's a repossession?
'yards'? You're not in the USA are you?separated the title deeds for front and back yards.
So 3 Titles: front 'yard'; house; back 'yard'?
And what is being offered for sale? Who owns the other title(s)?0 -
I found a mid terraced house, which well fitted my requirements, and was below the market price (later, I found why). I made an offer and was accepted by the vendor (i.e. mortgagee).
Then, the estate agent advised me that this property is landlocked. The previous owner has separated the title deeds for front and back yards. Now, owner of the house cannot enter the house.
Is it a common problem (totally new to me), and is there any legal solution for that?
Yes...pull out or make a much lower offer taking into the account the property was not as initially described. You need to buy that land that gives you access unless it's part of the offer you've made then you'll always have issues with it. Have you made an offer for that land too and made it conditional on the purchase of the house?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
So it's a repossession?
So 3 Titles: front 'yard'; house; back 'yard'?
And what is being offered for sale? Who owns the other title(s)?
Yes, it is repossessed. The mortgagee is offering the house for sale. The yards are owned by the previous owner, and probably he does not wish to sell them, instead he should be interested to buy the house for nothing.0 -
Ah! Clever owner!
He's split the property Titles, leaving just the landlocked house on the mortgage/ That's been repossessed, and is effectively unsaleable by the mortgagees because of the ransome strips at front ad rear.
The owner of the ransome strips might sell you these other Titles, so as to make the house accessible, but I bet he'll want a pretty penny!
Or, as you say, he'll wait till the mortgagee gives up trying to sell, and then offer to buy it back for a pittance.
Your options are to walk away, or make a suitable offer to the 'owner' to buy the additional Titles.
And tying the two (3) purchases together might be hard. There's the risk you end up commited to buying the 'yards(s)', and then the house purchase falls through......0 -
I'm a bit puzzled as to how you actually viewed inside the house - if it doesn't own its own land so to say....0
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If you cannot buy the front garden / yard, how are you going to get into the property?
How does the existing owner get into the property?
Does the owner of the garden / yards want to sell and if so for how much?
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For the record, we have gardens over here. Front and back.By the way, I am from the US, but buying in the UK. Subtle attention to terminology
A yard is where we keep trains. Or a cobbled area surrounded by stables. Or a place where old cars (roof tiles, old railway sleepers etc) are piled up after death ready to be recylcled......0 -
What I am wondering is whether the owner of the house has acquired "prescriptive rights" to walk across this garden land that apparently now doesn't belong to the house so to say.
How old is the house? That is = is it over 20 years old?0 -
moneyistooshorttomention wrote: »How old is the house? That is = is it over 20 years old?
Don't know exactly, but it is an old house. Definitely, older than 20.0
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