Thanks gents most helpful. With regards to a freehold title, what happens as regards checking the seller isn't bankrupt? I have always wondered how this aspect works with auction properties as it is a very important search a conveyencer does when you buy a freehold property via an estate agent.
There is mention of a ‘Mortgageable Term’ when purchasing a Leasehold Property. What is the minimum term that a lease needs to have for the property to be Mortgageable?
This channel is criminally under rated.
Very useful video
Really helpful! More tips on what to look out for in legal packs please
Thank you
Thanks gents most helpful. With regards to a freehold title, what happens as regards checking the seller isn't bankrupt? I have always wondered how this aspect works with auction properties as it is a very important search a conveyencer does when you buy a freehold property via an estate agent.
There is mention of a ‘Mortgageable Term’ when purchasing a Leasehold Property. What is the minimum term that a lease needs to have for the property to be Mortgageable?
Squatters have rights? 😂