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"limited title guarantee"

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cmgames
cmgames Posts: 91 Forumite
in House buying, renting & selling
I am looking to buy a house at auction, in the special conditions it says it is "limited title guarantee". What does that mean and do I have anything to worry about?

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  • david29dpo
    david29dpo Posts: 3,748 Forumite
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    The guarantee a seller gives to a buyer where the seller has limited knowledge of the property that they are selling and therefore cannot give an unqualified guarantee (full title guarantee) that the property is not subject to any financial charges and that no others have any rights over the property.
  • Richard_Webster
    Richard_Webster Posts: 7,646 Forumite
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    The whole concept of title guarantee is very confusing because it implies that the seller really is guaranteeing something.

    In most cases regardless of whether there is a "full", "limited" or "no" title guarantee it won't make much difference because this guarantee really only deals with fairly obscure situations and the general rule is as it has always been - CAVEAT EMPTOR - "let the buyer beware."
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • rosenelson
    rosenelson Posts: 7 Forumite
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    Hi,
    I'm in a similar situation where the property i'm buying is of a deceased person. And the seller(deceased relative) solicitor has mentioned 'Limited Title guarantee' on the contract.
    The seller sees to it that there is no cost or debt involved on the property on completion.
    but my worry is over the 'rights over the property'. What if after I buy someone(a relative) comes and claims ownership in full or part for the property?
    Please help, confused before signing the contract.
    thanks,
    R Nelson
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