Is it possible to keep house purchase price hidden?

saverbuyer

Unfortunately the LR sold data isn't available in Northern Ireland. I really wish it was.

AMILLIONDOLLARS

Mallotum_X wrote: »

A lot of people are therefore idiots.

No one wants to be thought of as an 'Idiot' that's why they think, alot, about what people think of them! This makes them unenlightened, as they should realise, that they have no control over someone else's thoughts, only their own!

As illustrated above:rotfl:

AMD

Land_Registry

G_M wrote: »

But for the avoidance of doubt, is it correct that a buyer/owner cannot either ask or instruct the Land Reg to hide/withold the price paid in those situations where it would normally be displayed?

We are legally required to note the price paid information on a register of the title for all residential properties sold for full market value. The register of title is a public document, so we would be breaking the law if we failed to allow access to the register or excluded the price paid information.

A fuller explanation including details of any exclusions are explained on the Gov.UK website

So in essence you can ask us to hide/withhold the entry/data but I'm afraid the answer would be a No

G_M

Thanks. That's what I would have expected.

And in response to herbalus above, it seems the correct solution.

mrginge

G_M wrote: »

Thanks. That's what I would have expected.

And in response to herbalus above, it seems the correct solution.

Well i'm stunned.

G_M

mrginge wrote: »

Well i'm stunned.

By my opinion?

Or the Land Reg Rep's explanation?

movilogo

If sold price is not public, price will become even more absurd.

anotheruser

Mallotum_X wrote: »

freeisgood wrote: »

Paully232000 wrote: »

Only important if you care what other people think.

A lot of people do care what other people think.

A lot of people are therefore idiots.

Ah ha, but there are some people that think it's okay to rape 5 year olds. Because they don't care, does that make them not an idiot?

Plus, if you go around not caring what others think, you will end up being highly unpopular. While there is a limit, disregarding others and their thoughts is wholly un-wise... in my opinion.

kleapatra

What I don't really get is why knowing the sold price has any relevance on the current asking price. I get that its useful to know how much other properties in the area have sold for but how is it useful/detrimental to the current asking price? eg. Someone bought their house 10 years ago for £150k and now its on the market for £200k - knowing that they paid £150k ages ago makes no difference to what the asking price is now!

Paully232000

kleapatra wrote: »

What I don't really get is why knowing the sold price has any relevance on the current asking price. I get that its useful to know how much other properties in the area have sold for but how is it useful/detrimental to the current asking price? eg. Someone bought their house 10 years ago for £150k and now its on the market for £200k - knowing that they paid £150k ages ago makes no difference to what the asking price is now!

It is useful in the sense that you can see how much, in general, houses of the type and area have gone up by over a set amount of time so gauge what the one you are buying is worth paying for.
If every house of your type has gone up by 10% over a year and the one you are looking at is up for 50% more than one year ago then you can tell if it is overpriced. Obviously looking at everything else like extensions, renovations etc.
But gives you a ball-park to work from. Without that were do you start, especially if moving to an area you are not familiar with.