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Property purchase - qualification

lgormn · 2024-07-21 19:49:20

Hi apologies if this is not the right forum. I am trying to purchase a home and have received a note from my solicitor to say that they need to qualify the undertaking and certificate of title to the bank on the basis that there was a management company set up for the management and upkeep of the common areas within the…

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21-07-2024 8:49pm

#1

lgormn

Registered Users Posts: 1 ✭

Join Date: July 21

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Hi apologies if this is not the right forum. I am trying to purchase a home and have received a note from my solicitor to say that they need to qualify the undertaking and certificate of title to the bank on the basis that there was a management company set up for the management and upkeep of the common areas within the development at the outset but it no longer exists. I'm not really sure what this means and I can’t find any information about this. Could someone help explain this to me and is this something that will hold up the sale of the property?

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