Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
First post here and glad I found the site.
I have a conundrum and am about to walk away from an opportunity if there is no solution.
I have found a 3 bed detached house, in need of total renovation, with a house sized plot to the side, and garage at rear. It is a repossession. It was mortgaged by the current owner within the last 10 years IIRC. It would be a good deal, except for one problem. The garage is registered as sitting on part of the land to rear and side. This has the mortgage logged against it. However, the house sits on unregistered land, because it has been repossessed, it seems no deeds are available to cover the entire property.
This means that I would be buying a garage and access for the grand price of £275k. Too big a risk and not mortgageable, how it got one in the first place is beyond me.
Are there any options for buying it, registering it, maybe buying an insurance policy against an owner coming back and making a claim? Would it be mortgageable using this route, and would there be problems selling in the future?
Thanks in advance for any insights.
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