House Sale - Un-adopted Road

Upgrade your roads to the latest version, flash the street lights, reseat the manhole covers, patch the grass and check for virus' (or weeds)
 
Surveyor said:
Which is great until something goes wrong and you have to chip in bigger bucks, on a new tank for example.
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No choice around here tbh, no gas either, but suppose there is that possibility, but I post so many many pics of my veiw for a reason as its stunning here and paid peanuts so it was a no brainer tbh, just keep fingers crossed
 
Unadopted new build estates are very common. Surprised it the lender has issue with it.

I have to pay a management company where I live. Kind of sucks but it's not the end of the world.

For these kinds of sales normally the seller can get a management pack from the management company which will confirm accounts/bills to date and forthcoming cost projections.
 
I get the issue as the situation isn't clear and if there is a problem then I doubt enough neighbours will get together to agree to pay for a solution so nothing would happen, hitting the value of the house.

I live on an unadopted road but there is a management company and residents association. There is a covenant on the land the house sits on (its freehold) to pay towards the upkeep of the common areas such as roads, and the management company sue people who don't pay. There is no way without this that everyone here would work out a problem together without the management company and the obligation - there wasn't even agreement on spending £20 each to deal with a rat problem in a corner of the development!
 
ahar said:
I get the issue as the situation isn't clear and if there is a problem then I doubt enough neighbours will get together to agree to pay for a solution so nothing would happen, hitting the value of the house.

I live on an unadopted road but there is a management company and residents association. There is a covenant on the land the house sits on (its freehold) to pay towards the upkeep of the common areas such as roads, and the management company sue people who don't pay. There is no way without this that everyone here would work out a problem together without the management company and the obligation - there wasn't even agreement on spending £20 each to deal with a rat problem in a corner of the development!
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Yes that is common.

If the OP bought in 2016 then it's likely got the same, they haven't said if there is or is not a management company and covenants to cover it.
 
Doesn’t make much sense to me, sounds like you’re being being told porky pies. There will be rights over the estate roads granted until the same become adopted and there will (in all likelihood) be a positive obligation to procure the adoption of the estate roads and to maintain them in the interim.
 
HungryHippos said:
Unadopted new build estates are very common. Surprised it the lender has issue with it.

I have to pay a management company where I live. Kind of sucks but it's not the end of the world.

For these kinds of sales normally the seller can get a management pack from the management company which will confirm accounts/bills to date and forthcoming cost projections.
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Its not uncommon. More and more lenders in recent years wont lend on properties with unadopted roads unless there is a formal agreement in place between the home owners
 
Your buyers are rather silly in my opinion. Almost all new estates are not adopted and won't be for some time.

Your buyers should have done some research on this before looking at a relatively new house and getting this far.

In most places , for a freehold house, it is a few hundred a year so peanuts in the grand scheme of things.

Also I would be surprised if lenders have an issue with this? Lenders love mortgages on new houses.
 
Em3bbs said:
Was that really called for? How many of your posts here are PC related?
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Less and less these days, but Moneysavingsexpert forums has a dedicated section for House Buying, Renting and Selling.

I just thought you are more likely to get good advice there if you are going through the trouble of registering on a forum (No offence to OCUK)
 
InvaderGIR said:
OP already stated that the lender (ie mortgage company) don't want to proceed due to this, not that the buyers decided not to proceed due to it so actually it is the mortgage companies that care about it also.
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I find that hard to believe unless its some odd lender.

Mortgages are rarely an issue on new builds :confused:
 
Nitefly said:
Doesn’t make much sense to me, sounds like you’re being being told porky pies. There will be rights over the estate roads granted until the same become adopted and there will (in all likelihood) be a positive obligation to procure the adoption of the estate roads and to maintain them in the interim.
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Sounds like buyers bailed rather than mortgage provider

Id say I understand, they probably only found out on survey, and just fibbed. I'd probably do same, it's an uncontrolled cost. Wouldn't have fibbed though
 
Greebo said:
Its not uncommon. More and more lenders in recent years wont lend on properties with unadopted roads unless there is a formal agreement in place between the home owners
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But there always are formal agreements with new build estates, as far as i know. They are run by a management company.

Almost all new build estates have this set up and mortgages are never an issue, so the OP's issue is very odd.
 
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