Landlocked property – no access rights?

Landlocked property – no access rights?

10:07 AM, 16th September 2015, About 6 years ago 1

Text Size

I’m looking to purchase an property from an auctioneer, but I’ve been told it is not mortgage able due to it being landlocked (no access rights).no entry

The property adjacent on the same site has the main access rights, but is also a repossession. The auctioneer could possibly issue an indemnity insurance, but I believe a deeded easement would be better.

I was looking to purchase this via bridging finance then sell once refurbished, or switch to BTL mortgage, but proving difficult as lenders wont lend in the current state.
Has anyone had any issues like this and how was it resolved?

Is there anyway of putting the deeded easement in place before purchase?

Any suggestions would be much appreciated.

Thanks in advance.

Nikesh



Comments

by Neil Patterson

10:10 AM, 16th September 2015, About 6 years ago

Hi Nikesh,

Advice on this would I think need professional help and be above my pay grade.

If you have not already got a solicitor involved please see our BTL conveyancing partners under the legal tab >> http://buytoletconveyancing.co.uk/contact-us/


Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

BECOME A MEMBER