House selling problems

weekendwarrior

Hi,

I am currently selling a 4 bedroom semi detached house, the price has been agreed and it is currently in the hands of the solicitors.

The buyer wanted to exchange contracts asap and this was agreeable with me as the property has been empty for some 12 months, the buyer has told me that my side is dragging it's feet and slowing things down. This is not the case but it is her side slowing things down, apparently her uncle is doing the conveyancing and has now found out that some 50 years ago, the property that I purchased 3 years ago, had a clause put in the leashold saying that before the property is sold permission must be granted by the leasholder, who is probably dead!

I did take out indemnity insurance but cannot remember what exactly it is for, is this some form of insurance incase the leasholder turns up and tries to gain back the land?

When I purchased the property the building society put a £2000 retention on the mortgage for work that needed doing, damp proof course etc.

I had all of the work done and sent the certificates to the building society and the retention money was released, these certificates have now been lost!

Where do I stand? should I consider suing them?

Thanks

[Deleted User]

So who gave permission to the seller for you to buy it then?

Robert_Sterling_3

weekendwarrior wrote:

Hi,
the property that I purchased 3 years ago, had a clause put in the leashold saying that before the property is sold permission must be granted by the leasholder, who is probably dead!
If the leaseholder dies somebody would inherit the lease I think.
Where do I stand? should I consider suing them?
Why? Their relative is investigating diligently your right to sell.

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weekendwarrior

weekendwarrior wrote:

Hi,



When I purchased the property the building society put a £2000 retention on the mortgage for work that needed doing, damp proof course etc.

I had all of the work done and sent the certificates to the building society and the retention money was released, these certificates have now been lost!

Where do I stand? should I consider suing them?

Thanks

I mean sue the building society for loosing my certificates, which they clearly have or else they would not have released my retention money!

Obviously they are at fault and have lost certificates that are important to me, on top of this I am expected to pay them £3000 for early re-payment of the mortgage. Surely I should be compensated for their mistake?

weekendwarrior

Deleted_User wrote:

So who gave permission to the seller for you to buy it then?

I think that is why I paid the indemnity insurance, incase this guy or relative knocks on the door and wants the land from underneath my house!

It was 3 years ago and I can't remember exactly what the indemnity policy was for?