Freehold property that is Copyhold

jacklotta

Hi, this is my first post on the forum, i'm looking for advice/information regarding Freehold property/house that is Copyhold, i'd never heard of Copyhold until yesterday.

I went to view a small detached house for sale yesterday, the owner was doing the viewings as i was been shown round i asked him if the property was freehold, just to confirm what the estate agents had said, he told me that it was Freehold that was Copyhold of the manor with mines and minerals exempt or except.

I'd never heard of this before, when i got home googled it that lead me to prior posts on mse regarding copyhold and manoral rights, but i have some questions that i'm still unsure about.

1, Would a freehold houses that is copyhold be valued less than an house that is Freehold only.

2, Are Freehold/copyhold properties mortgagable.

3, Is it possible to purchase the copyhold if i bought the house.

I liked the house and area but now i'm not too sure due to the copyhold, i would have liked to make an offer but don't want start making offers and spending money on surveys/solicitors if copyhold will become a problem.

I'm thinking the house would be home for the next 5 or so years until it was time for a bungalow, would been Freehold/Copyhold be a problem when i came to selling.

Thanks for any help and advice.

Keep_pedalling

Positively feudal!

https://en.wikipedia.org/wiki/Copyhold

nyermen

I thought copyhold had been abolished?  It will have been converted to either freehold or leasehold?

jacklotta

I phoned estate agents this morning, they've just called back, they say the property is Freehold that doesn't include the mines and mineral rights. She read me a statement that she said seller had quoted from the deeds.

"The land was formerly copyhold of The Manor and there are excepted from this registration the mines and minerals and rights excepted on the enfranchisement thereof".

My questions have changed slightly from above,

1, Does a Freehold property without mines mineral rights effect the sale prices.

2, Is a Freehold property without mines and mineral rights mortgagable.

3, When i need to sell in future would the mines and minerals rights cause problems.

The estate agent said if i'd like to make an offer don't leave it as they've had an offer that has been declined and a couple of others that are just not quite there yet.

If it was straight forward Freehold i'd have made an offer today, now i'm even more unsure.

TBG01

1, Does a Freehold property without mines mineral rights effect the sale prices.

No

2, Is a Freehold property without mines and mineral rights mortgagable.

Yes

3, When i need to sell in future would the mines and minerals rights cause problems.

No


Also I appreciate you haven't had an offer accepted but these questions are for a Solcitor, not the estate agent.

Don't get me wrong, you're doing the right thing in asking questions, but you're asking the party who've shown they know little to nothing about the property and or the title (in general)

user1977

It is a straightforward freehold property, unless you were actually planning to start mining...

There is nothing to worry about here, other than you've got a clueless estate agent making buyers unnecessarily twitchy.

DullGreyGuy

No nodding donkey allowed in the back garden? Would be a strong no from me.