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Showing results for tags 'legal advise'.
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Hi All, Has anyone purchased a property with a 'good lease title'? The property we are in the process of purchasing is in the NE and has has a 'good lease title'. Our solicitor seems quiet wary of this and has said this may cause issues for when we are refinancing or selling the property. The vendors solicitors have refused to upgrade the title to an 'absolute lease title' before purchase, we have been advised to get a legal indemnity insurance policy in the unlikely event there is a claim on our lease. Our broker on the other hand has said it shouldn't be an issue refinancing, so we are a bit perplexed. For info, this will be a cash purchase, carry out renovation works to convert to a 6 bed HMO and then refinance. The lease itself has about 800 years left on it. Thanks
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Hello, I am new to property investment but I have been learnening and I am very motivated to start. The question is how to! I have idea of my strategy but any input would be very valuable. Strategy: buy BMV or opportunity to add value and to remortgage and let, withdraw money for next deposit! Or sell and move on to next bigger project, possibly in Spain Company structure: SPV 2 directors 1 director put cash in ( unemployed but with passive income coming in from USA) 2 director- take out mortgage ( as a second director I am unemployed at the moment but I wouldn't have a problem to get a job of purpose to get a mortgage! I have one mortgage already taken with other partner and my credit score is very good) This is my idea how I would make it work, only question if it's realistic??? Thank you for your time regards Aj
