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Mislead by estate agent

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Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    G_M wrote: »
    So if a buyer mentions to an agent that they are considering adding an extension on to the property, the agent now has to read the Title and look for, and interpret, any covenants that might prohibit this? And I suppose check if the property is listed or in a Conservation Area? How far down the legal investigation does an agent now need to go........?
    Yes, this all suggests that agents ought to seek their own independent legal advice before marketing a property. And take steps to ensure their client doesn't make any changes to the title while it's on the market...
  • Socrat
    Socrat Posts: 35 Forumite
    If you paid for the searches, that money has been spent and you won't get it back.
    You shouldn't have paid anything (or much) for the sols before finding this out.

    My purchase fell through on tenure grounds without a penny spent, that's why this surprises me... The tenure issue was discovered by the lender before the mortgage was approved so sols hadn't even started any work...

    Either way, there are lots of new properties being sold as leasehold, this doesn't necessarily mean that you shouldn't buy it. Have a word with your solicitor about it if you really like the property.
  • elsien
    elsien Posts: 36,530 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I would suggest it's the seller you've been misled by, rather than the estate agent. They're the ones who provided the information in the first place.
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • jonnygee2
    jonnygee2 Posts: 2,086 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    Is the Estate Agent a member of a professional body, like PropertyMark or RICS? If so they will have a complaints procedure and this would probably be upheld (its a glaring error after all).
  • Marvel1
    Marvel1 Posts: 7,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    maninthestreet wrote: »
    The property has been mis-described. If it is so easy to check this, why didn't the EA do it?

    Why did the vendor mis-describe the details to the EA? They should know.
  • jonnygee2
    jonnygee2 Posts: 2,086 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    Why did the vendor mis-describe the details to the EA?

    Who says they did? More likely the EA just copied and pasted and old add and forgot to change that bit.
  • Marvel1
    Marvel1 Posts: 7,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jonnygee2 wrote: »
    Who says they did? More likely the EA just copied and pasted and old add and forgot to change that bit.

    Who says they copied and pasted an old ad?, I believe it's most likely the vendor give the information.
  • ACG
    ACG Posts: 24,714 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    If that was a deal breaker for you, you should have made sure beforehand. You can sometimes find out for free on sites like zoopla if the property has been sold in the last 10 years or so.

    There are some leasehold properties than are 999 years with peppercorn ground rent - they are more or less free hold as even if it is halfway through the lease, you are never going to see the end of it.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • mufi
    mufi Posts: 656 Forumite
    Part of the Furniture 500 Posts Name Dropper
    jonnygee2 wrote: »
    Who says they did? More likely the EA just copied and pasted and old add and forgot to change that bit.

    Because they signed off the details before it went onto Rightmove or wherever?
This discussion has been closed.
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