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Hi all,

 

I have an unusual scenario.

I am the freeholder on a house converted into 2 flats. I currently own the 1st floor flat and sold the ground floor flat sometime ago.

The ground floor flat got repossessed. It would *seem* though that an error occurred on the initial purchase or during the repossession as the lender does not have a charge over the freehold title for this flat (standard criss cross lease arrangement).

Presumably the lender has to find the evicted owners take them to court and acquire the freehold??

 

Is this not an expensive option?; what happens if they cannot locate them?

 

Could they not 'somehow' sell me the flat with the lease 'error' (I assume it's not a real issue for me except if I wish to sell it); presumably saving them time and money?

 

thanks in advance

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