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Strange situation - house buyer
Comments
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AnnieO1234 wrote: »Q - where does mr x come from?
X
I am not sure and its a bit puzzling. My guess is that Mr X is the trustee.0 -
Thanks for sharing the entries and it looks like the Restriction in favour of Mr X is what we refer to as a voluntary restriction and as such either the registered owners Mr and Mrs A agreed/consented to it being registered or Mr X was able to demonstrate a valid interest which could be protected by the entry on the register.
The restriction though does not make Mr X the legal owner but simply gives him some 'leverage' as his consent is required should Mr and Mrs A seek to for example sell, mortgage or lease the property.
If we take a sale then Mr and Mrs A would complete the sale (Transfer) as a legal deed and the Buyer would seek to register that Transfer. To do so they would need Mr X's consent in order to comply with the restriction.
As Mr X is not mentioned in any of the other entries you will need to look behind the entry of the restriction to understand what interest Mr X has - he may well be a trustee but the register will not provide that level of detail.“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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