Also posted in property,As title we are about to exchange on a one bed flat in London.
Had all the searches back etc
Just had a call from EA to say that another buyer for another flat in the same house (victorian house converted into 12 flats) has found out there is no PP in place.
it is all very odd as follows:-
Mortage turned down in sept by one company, no explaination given except they would not deal with the property management company of said flat conversions.
Second company will offer but only if we use their named solicitor!!
Said solicitor sends copy searches and all seems good.
Another buyer buying flat below ours finds out the house was converted 4years ago without PP.
WHY oh WHy did our solicitor (the one we had no choice to use) not find this out!
We offered in Sept, have paid out £900 on survey and £200 on searches and up to £700 in solicitors fees. If we pull out we will lose all that.
The EA says they will apply for retrospective PP and it won't be a problem as the flats have been rented out for over 4 years and council tax been paid!
They said it may take up to 3mths to get PP and if need be we can rent the flat off the vendor till it is granted.
I hope that means free rent! As what if PP is not granted.
They have a nerve selling a flat that they knew they hadn't applied for PP on.
The EA seems to think it isn't a problem advice gratefully received!