Father reportedly has apartment he can't sell after lawyer falsely tells him his lease has been extended.
Chris Morrison faces a 'nightmare battle' that could cost him thousands of pounds after learning he only had 47 years left on his lease He says he is.
MiddlesbroughMr Morrison bought his first flat in 2008 for £63,000.
He was able to obtain a mortgage after his lease, which at the time had 61 years remaining, was extended to his 900 years.
But the 43-year-old remained stunned after discovering that none of the changes had been made when he tried to sell property earlier this year. was,Teesside Live reported.
He is now facing a fee of £12,500 for extending himself.
Mr Morrison had already found a buyer for the flat and he was prepared to sell it at a loss of £5,000 to ensure a speedy sale.
However, it is now sold out.
Morrison said: “The apartment lease term was reduced to 61 years and the bank did not allow me to take out a mortgage based on that term at the time.
“Part of the sale process was
"Now the buyer has canceled the sale. I have a property left that I cannot sell." told him he was paid £2,000 by the seller when he bought the apartment 14 years ago.It is unclear what the sum was allocated to, but the lease was not extended.
"It had a big impact," Morrison said.
"Mortgage and city taxes have been paid in full, which has had a significant financial impact on my partner and me.
"I have run out of credit.
His partner had to go back to work full-time after the arrival of their baby daughter to support them. They say it's the most stressful time, but when you run into something like this, you're just completely unprepared," Morrison said. Please comment while we investigate the issue.
