Approached by one of our regular introducing agents, on the face of it this 3 bedroom garden flat was a non-starter. Being sold by the mortgagee in possession the flat had two major issues, namely that the freeholder was absent and the defaulting borrower had converted the existing 1 bedroom flat into a 3 bedroom flat without his permission. With these inherent issues the flat could only be sold to a cash buyer and any buyer would run the risk that in the event of the freeholder reappearing, he could serve them with a forfeiture of lease notice. Motivated by the prospect of purchasing a 3 bedroom flat for the price of a one bedroom flat, we immediately appointed private investigators to trace the freeholder. With news of the Freeholder’s whereabouts we approached him and were able to agree a purchase of the freehold. Having secured the freehold, we were happy to purchase the flat through the introducing agent.
This transaction was definitely one of our most challenging, educational and rewarding.
"Excellent quality conversions! I’ve sold the guys a number of properties over the years and they’ve always given me the resales once the projects are built out."- Neil Warne, Director – Burn and Warne Estate Agents -
"Due to the relocation of our business I needed to sell our existing premises. Property Experts approached me directly, wanting to buy both buildings and agreed creative terms which gave us the commitment and time required to plan our move."- Laura Ritchie, Director – Croham Services for Children -
"I have acted for Bruce and a number of his clients since 1995. Bruce pursues the purchase and sale of every property with great tenacity and has a knack of securing the best terms possible in order to meet his and his clients’ needs."- Andrew Lawrie, Director – Pocock’s Solicitors ltd -
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