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Freehold Purchase Irregularities
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Hi all!
First post here so please bear with!
First post here so please bear with!
My partner & I are purchasing a property which was leasehold but is being sold as freehold (current owners have purchased the freehold as part of the sale), but our solicitor has advised there are some irregularities.
When selling the freehold, the former freeholder has insisted on a right of entry/inspection over the property, despite having sold the freehold. Our solicitor has advised that this is very irregular and may affect the lendability of the property in the eyes of the mortgage lender.
When selling the freehold, the former freeholder has insisted on a right of entry/inspection over the property, despite having sold the freehold. Our solicitor has advised that this is very irregular and may affect the lendability of the property in the eyes of the mortgage lender.
Has anyone encountered a similar issue before? Any advice would be appreciated!
Cheers
Max
Cheers
Max
0
Comments
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No, it is not at all normal. I think that there may be some detail lost in the chinese whispers as to what they are insisting on and why. I could speculate, but it wouldn't be very useful.
Also, how are the vendors buying the freehold? If they are doing it through the formal enfranchisement process, then the freeholder cannot insist on anything. If they are doing it through informal negotiation, they should push back and say this wouldn't happen under the formal process, so if necessary we will resort to that.
Any idea what the background here is?0 -
What interest does the former freeholder have in inspecting etc? Are they neighbours? What exactly do the reserved rights say?0
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