Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
We are purchasing a repossessed residential property in Gloucestershire and have engaged a solicitor I haven’t used before (the previous two were hopeless). This latest solicitor is also less than impressive thus providing motivation for this thread.
I would like to know what legal issues we should be looking out for in a repossession purchase (that may differ from a usual vendor sale) to ensure they are properly dealt with.
We understand that we accept the property ‘as is’ and our solicitor should ensure the title is clear… how do we know if they have done this properly and there are no further debts on the property that we could be saddled with?
If things like council tax haven’t been paid could be be liable for them?
The property is freehold, but has access to communal grounds that it has a share in. There are no debts owed to the management company. It is not currently lived in. Any other advice will be gratefully received.
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