Can I own both freehold and leases on a divided house?

by Readers Question

10:17 AM, 26th November 2014
About 6 years ago

Can I own both freehold and leases on a divided house?

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Can I own both freehold and leases on a divided house?

We are ( my husband and I ) are trying to purchase a property which consists of a basement flat and a 3 story maisonette ( a Victorian house that has been converted ).

The 2 properties are self contained. In trying to get a mortgage for each of these properties we are being told that we cannot hold both the freehold and the two leases and that someone else should buy the lease or we should set up a company to own the lease.

Our solicitor cannot see why we have to do this and thinks that the freehold could be in just one of our names. Has anybody had this difficulty before or could anyone explain why we are having this problem?

Many thanks

Rustyhouse

Comments

Jonathan Clarke

13:54 PM, 28th November 2014
About 6 years ago

Reply to the comment left by "Stephen RV7" at "28/11/2014 - 04:07":

Hi - yes sure - One is with Bank of Ireland and the other with Birmingham Midshires. Originally one was with Bristol and West before i remortgaged it.
.

philip allen

12:26 PM, 29th November 2014
About 6 years ago

Hi Johnathan,
I have the same situation although I find the worst bit is when I start answering questions from the floor:)

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