Text for Report on Title
ROT: Staircasing where seller is Lender
- Change date
- 18/02/2026
- Word count
- 480
- Deployment measure
- 9/10
Rationale
This wording addresses a simultaneous 100% staircasing and freehold reversion transfer where the seller is a mortgagee in possession rather than the original shared owner. It explains the mechanics of Special Condition, specifically how the purchase price is apportioned to the landlord to trigger the direct transfer of the freehold to the client on completion.
This property was originally owned on a shared ownership basis. Normally, when a shared owner wants to buy the remaining share of the property (called staircasing), the landlord grants a
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