We recently assisted with the purchase of an exceptional residential property, which included a stunning main house and nine charming cottages, all set within beautifully maintained grounds. The total purchase price for this unique property was £1.2 million, reflecting its scale, character, and potential.
This transaction required us to work closely with two lenders to address and satisfy all their detailed enquiries. Every aspect of the deal had to be carefully reviewed to ensure that both lenders were fully confident in the legal position of the property and the transaction as a whole.
Title Splitting
In addition to managing the lender queries, one of the key elements of our work involved splitting the title upon completion. This meant creating separate legal titles for each of the nine cottages, which is a highly technical process requiring a thorough understanding of property law and land registration. We ensured that all necessary rights and reservations were properly documented, including access rights, rights of way, and the use and maintenance of septic tanks, so that each title could function independently and with complete legal clarity.
Experienced Legal Guidance
Transactions like this highlight the importance of having experienced legal guidance. From navigating complex lender requirements to managing intricate land and title matters, our team is equipped to handle every detail, ensuring a smooth and successful completion for our clients.
We Can Help
If you are planning a property purchase and may require title splitting, management of multiple dwellings, or guidance on complex land arrangements, please don’t hesitate to contact us on 01244 312306. We would be pleased to discuss your plans, answer your questions, and collaborate with you to ensure your property journey is as smooth, straightforward, and stress-free as possible.
