We bought a flat in a converted house in Cornwall about 4 years ago as a holiday let-cum-holiday home but it's ended up as a regular BTL and realistically it's very far away as a plain investment.
There's 4 flats and at the time there were 4 different owners, however the owner of one flat has since bought the other two and is keen to acquire the whole building in order to redevelop, which definitely makes sense.
Since they already know the building and its history intimately, I'm wondering how much can be trimmed away in terms of estate agents, etc. Is it feasible to do your own conveyancing without major risk if the buyer is happy?
Annoyingly we're still early in our current mortgage and there is a repayment penalty, but AFAIK that's just the risk you take and can't be avoided, we aren't looking to buy anywhere else and port the mortgage.
Anyone done anything similar?
There's 4 flats and at the time there were 4 different owners, however the owner of one flat has since bought the other two and is keen to acquire the whole building in order to redevelop, which definitely makes sense.
Since they already know the building and its history intimately, I'm wondering how much can be trimmed away in terms of estate agents, etc. Is it feasible to do your own conveyancing without major risk if the buyer is happy?
Annoyingly we're still early in our current mortgage and there is a repayment penalty, but AFAIK that's just the risk you take and can't be avoided, we aren't looking to buy anywhere else and port the mortgage.
Anyone done anything similar?
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