Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Lender says property is being run as a smallholding and it's not!

4 replies

Labracadabra · 16/02/2013 09:26

We're in the process of buying a 3 bedroom cottage with 1.7 acres of paddock. The vendors currently have one small pony there and no other livestock. The mortgage lender valuation surveyor said to the building society that the property is currently being run as a smallholding so we need to prove it's residential. I don't understand how they've decided this as the vendors don't run a business from there, don't have any livestock and don't grow anything apart from a couple of old apple trees! They used to have a holding number from DEFRA a few years ago when they had a couple of cows, but DEFRA confirmed that was cancelled years ago. The vendors pay council tax etc and the house is a perfectly normal house with kitchen, bathrooms and bedrooms etc i.e. not a barn or something that looks uninhabitable! How on earth do I prove it's residential as we're on a tight timeline !? Thanks!

OP posts:
LittleFrieda · 18/02/2013 14:45

Does the property have an agricultural occupancy restrictive covenant?

Labracadabra · 18/02/2013 18:17

No it doesn't so that's not the issue Hmm . Thanks for your reply though!

OP posts:
GrendelsMum · 18/02/2013 18:36

Could you send them the letter of cancellation from DEFRA?

Yfronts · 18/02/2013 22:19

Ask them for their companies definition of a small holding? Send photos of the land not in use.

New posts on this thread. Refresh page