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Selling a property on a shared lane

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  • BikingBud
    BikingBud Posts: 2,530 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Unadopted roads can be a money pit. Are you one of the owners or do you just have RoW? What does it see on your deeds?

    Confirming that a managed fund is in place or not required is due diligence.

    I do not know the road but it might be simple potholes in hardcore or greater damage due to floods, what would happen if the road was washed way and re-instatement cost c50K?

    Why not have a chat and get confirmation from the other users what would happen in the worst case. 

    It might be that you are already exposed financially!
  • martindow
    martindow Posts: 10,568 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    BikingBud said:
    Unadopted roads can be a money pit.
    Maybe if it is a tarmac road which requires replacement.  But not for a track which just needs occasional loads of scalpings to fill in pot holes.
  • GlendaGaston
    GlendaGaston Posts: 2 Newbie
    First Post
    Dear All
    Thank you for your feedback. It’s has been very much appreciated. I have forwarded an official inquiry to my mortgage lender the Halifax and await a response hopefully it will be soon. 
    Regards
    GG
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