Land registry data, cat B sale followed soon after by cat a

ruperts

Hi

Looking at land registry sold prices data and a house has a cat b sale at 140k and then three days later a cat a sale at 130k. Any idea what might have happened there? A repossession followed by a rapid sale at a loss? What's more likely to be the normal sale price?

Cheers

ruperts

Perhaps not very well explained above, I'm keen to get an answer though so bumping this thread with a bit more info.

On the land registry sold prices website (http://landregistry.data.gov.uk/app/ppd) where you can search for sold prices, sales are categorised as either belonging to category A or category B with the following explanation:

A = Standard Price Paid entry, includes single residential property sold for full market value.
B = Additional Price Paid entry including transfers under a power of sale/repossessions, buy-to-lets (where they can be identified by a Mortgage) and transfers to non-private individuals.

The vast majority of sale prices are listed as category A, which seem to be just normal house sales. A few of them are category B alone.

The house I'm looking at was sold as Category B for £140k, but then three days later was sold for £130k as a category A. So on face value if we're looking at two separate sales then the first buyer has lost £10k in three days. I suspect though that there is perhaps some sort of tax loophole being exploited, but I'm not really interested in that, I just want to know what the market value of the house is and can't figure out if it's the £140k or the £130k I should be looking at.

Help??

westv

Could the first price be a part exchange deal?

Hoploz

Could there be some change to the property in between the two sales such as selling off part of the garden separately to be developed?

Land_Registry

We may be able to provide clarification on this, but we can only confirm the price paid recorded with us and cannot comment on whether or not a particular price represents the full market value.

Enter the details here https://landregistry.custhelp.com/app/contactus_comm_services/, selecting 'price paid error' as the reason if you'd like us to check our records.