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Loft conversion not included in lease


Long story short. Currently selling my leasehold flat (first bedroom flat in a terraced house with a loft conversion above that). Buyer's solicitors are saying that the loft conversion (build by the previous sellers) isn't included in the lease.
I have the previous seller's documents such as planning permissions, party wall act, permission from landlord etc etc for the conversion.
I guess my question is, why did my solicitor not flag this when I bought the property (I am using the same solicitor and have raised this) and does anyone else have experience of this and who can shed their light? Do any of you foresee any issue with obtaining a deed of variation? There will be legal costs of course, will there also be costs in terms of the loft itself? Will I essentially be "buying" the loft space? Thank you.
Comments
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Depends on the freeholders view, arguably given that no one else owns a flat near enough to access the loft, the cost shouldn’t be prohibitive. If they don’t sell to you, there is no one else to sell to.I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
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silvercar said:Depends on the freeholders view, arguably given that no one else owns a flat near enough to access the loft, the cost shouldn’t be prohibitive. If they don’t sell to you, there is no one else to sell to.0
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I have a friend in a similar situation. She lives in a flat, its a house divided so she has the upstairs. She had the loft converted with planning permission and permission from the council as its an ex council property.
She has had 4 buyers and each time she has ad the sale fall through. Even though the conversion was done with the relevant permissions she does not own the loft space and the freeholder will not sell.1 -
swingaloo said:I have a friend in a similar situation. She lives in a flat, its a house divided so she has the upstairs. She had the loft converted with planning permission and permission from the council as its an ex council property.
She has had 4 buyers and each time she has ad the sale fall through. Even though the conversion was done with the relevant permissions she does not own the loft space and the freeholder will not sell.0 -
This problem seems to highlight that the leaseholders do not understand the 'ownership' structure of a leasehold property. A leaseholder is buying permission to use the property for the length of the lease. The property is owned by and reverts to the freeholder at the end of the lease.3
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subjecttocontract said:This problem seems to highlight that the leaseholders do not understand the 'ownership' structure of a leasehold property. A leaseholder is buying permission to use the property for the length of the lease. The property is owned by and reverts to the freeholder at the end of the lease.3
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user1977 said:subjecttocontract said:This problem seems to highlight that the leaseholders do not understand the 'ownership' structure of a leasehold property. A leaseholder is buying permission to use the property for the length of the lease. The property is owned by and reverts to the freeholder at the end of the lease.0
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Hoenir said:user1977 said:subjecttocontract said:This problem seems to highlight that the leaseholders do not understand the 'ownership' structure of a leasehold property. A leaseholder is buying permission to use the property for the length of the lease. The property is owned by and reverts to the freeholder at the end of the lease.1
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swingaloo said:I have a friend in a similar situation. She lives in a flat, its a house divided so she has the upstairs. She had the loft converted with planning permission and permission from the council as its an ex council property.
She has had 4 buyers and each time she has ad the sale fall through. Even though the conversion was done with the relevant permissions she does not own the loft space and the freeholder will not sell.
Right now, with the work done, and her wanting to sell, the freeholder has her over a barrel - they could also require her to return the converted space to it's original condition (i e. rip it all out) at her cost.2 -
fluffy_kittens2024 said:swingaloo said:I have a friend in a similar situation. She lives in a flat, its a house divided so she has the upstairs. She had the loft converted with planning permission and permission from the council as its an ex council property.
She has had 4 buyers and each time she has ad the sale fall through. Even though the conversion was done with the relevant permissions she does not own the loft space and the freeholder will not sell.2
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