Land Boundary Change - does my neighbour need his lenders consent

Coller11

Hi I have been looking after a tiny parcel of land about the size of 2 saloon cars - and my neighbour is happy for me to have it as I do the garden etc. So its an extension of my garden adjoining their property; basically.

I understand that I may have to apply to HMLR for change of boundary agreement, but I think he still has a mortgage on his property.

Question - If this is the case  - does he need the Lenders consent to permit the boundary change in my favour
Many Thanks Coll

Alter_ego

Yes................

eddddy

Yes - he'll need the lender's consent.

The lender might want to send out a valuer to assess whether the loss of the land reduces the value or the saleability of the neighbour's property.

And the lender will almost certainly want the transfer done by a solicitor.

So your neighbour will end-up with a chunk of fees to pay.

Brie

So your neighbour will end-up with a chunk of fees to pay.

which I would expect him to pass on to you as you want the land.  possibly as part of the agreed purchase price.

Coller11

Hi,

Many thanks to you all for getting back to me on this matter - this answers my basic question and I am very grateful to you.

Kind Regards

Coll