Hi All,
Looking for some advice as getting different views from solicitors, brokers and auctioneer. Currently buying a house in rural ireland with circa 9 acres of land. Broker has advised that the bank will only offer mortgage on house with maximum 2 acres, so we will need to split the folio into two, and fund the land purchase separately.( which is fine)
Solicitors advice is that we need to get the vendor to do the split, but we bear the cost of this (which is fine by me). Auctioneer has said this split should be done when we register the transfer with land registry, and his client shouldn’t have to do anything. Broker has said similar to solicitor.
I’ve engaged a surveyor to take care of the split mapping etc, as this will have to be done either way.
Just unsure of the normal process here and don’t want to scare off the vendor or delay the sale. Any help or advice is really appreciated as to when the folio should be split.
Looking for some advice as getting different views from solicitors, brokers and auctioneer. Currently buying a house in rural ireland with circa 9 acres of land. Broker has advised that the bank will only offer mortgage on house with maximum 2 acres, so we will need to split the folio into two, and fund the land purchase separately.( which is fine)
Solicitors advice is that we need to get the vendor to do the split, but we bear the cost of this (which is fine by me). Auctioneer has said this split should be done when we register the transfer with land registry, and his client shouldn’t have to do anything. Broker has said similar to solicitor.
I’ve engaged a surveyor to take care of the split mapping etc, as this will have to be done either way.
Just unsure of the normal process here and don’t want to scare off the vendor or delay the sale. Any help or advice is really appreciated as to when the folio should be split.