ebennett

  • ebennett replied to the topic Bloody house chains… in the forum Chat Forum 12 hours ago

    Is it worth offering the rentcharge owner a few hundred quid to sort it?

    That’s basically what I want to do, I’ve asked the solicitor if we can draw up some sort of sale agreement and then present it to them and ask what they want for it. They seemed very reasonable in the correspondence I’ve seen so I think they’ll be open to it, it’s just how…[Read more]

  • ebennett replied to the topic Bloody house chains… in the forum Chat Forum 13 hours ago

    At that point I asked to buy it out, and did so for something like £65 iirc, in order to avoid any hassle when selling. Iirc I was then never asked about it on selling. I’d expect it should be a similar small sum for you but convincing your buyer/their lender I wish you luck.

    Thanks, that’s good to know – I think we’ll probably end up doing so…[Read more]

  • ebennett replied to the topic Bloody house chains… in the forum Chat Forum 14 hours ago

    I am very surprised that an indemnity policy is also not able to cover this type of problem for them, google suggests that there are a lot of them out there.

    It is available, but they or the mortgage lender won’t accept it.

    As for the freehold rent, is that pure freehold or leasehold rent to freeholder, even though you may own the freehold or…

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  • ebennett replied to the topic Bloody house chains… in the forum Chat Forum 14 hours ago

    Because when they come to sell they don’t want the hassle you’re going through.

    I do understand that, but there is a process where you can fill in one short form and send it to a government department along with the title deed and a copy of the rentcharge deed (which we have) and they’ll get rid of it – the issue is it takes 4-6 months and I c…

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  • ebennett replied to the topic Bloody house chains… in the forum Chat Forum 14 hours ago

    Does the buyer know that that whole thing could collapse and they could lose the house?

    I’ve told the solicitor to pass on the message that we’re only moving because we found the perfect house for us – if we lose it we may not move at all. I don’t entirely understand why they aren’t consulting other lenders, if I was in their shoes that’s what…

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  • ebennett replied to the topic Bloody house chains… in the forum Chat Forum 15 hours ago

    Yeah, we’ve offered an indemnity along with a sum to cover any arrears plus future payments but they’re adamant they want it bought out entirely. Just frustrating hearing everything 2nd hand from solicitors, I feel like it would be much easier to resolve things if I could speak directly to the people involved.

  • ebennett started the topic Bloody house chains… in the forum Chat Forum 15 hours ago

    We’re trying to move house just now and we’re in the middle of the chain, but we’ve hit a snag with the annual rentcharge of £5 which is payable on our freehold (since 1937!) – our buyer says their lender is unwilling to progress with the sale until this is bought out. Apparently this is because in rare cases unpaid rentcharges can be used to…[Read more]