Question about house deeds and time to get them

davemorton

Thanks for all the replies (Have been on holiday so not replied before now, but read the answers, many thanks.
If possessory title is granted, would people still advise that I do not go ahead with the purchase? I was intending to sell again in 2/3 years time so will not be there the required 12 years for absolute.

davemorton

Hmmmmm. After reading some threads on here and other sites, I just thought I would look at the land registery, mainly out of curiosity.
It says 'Price Paid/Value Stated Data:
Sorry, there is no price paid/value stated information available for this property.'
BUT... it does say We have found one property record for you. The items available are detailed opposite.
So dont know how if they can not find the deeds? Does not make sense, anyone advise how this can be please. I have no problems paying £3 to see who owns the house, but would I need the Title register or Title Plan?

zagubov

Dave, three years is near the minimum time anyone would suggest it's worthwhile buying rather than renting. This situation sounds like far too much trouble, even if you were staying there longer.

I'd follow AnotherJoe's advice and look around for somewhere else.

G_M

davemorton wrote: »

Hmmmmm. After reading some threads on here and other sites, I just thought I would look at the land registery, mainly out of curiosity.
It says 'Price Paid/Value Stated Data:
Sorry, there is no price paid/value stated information available for this property.'
BUT... it does say We have found one property record for you. The items available are detailed opposite.
So dont know how if they can not find the deeds? Does not make sense, anyone advise how this can be please. I have no problems paying £3 to see who owns the house, but would I need the Title register or Title Plan?

The Title is the wordy bit. It tells you who owns the property whether there are mortgage Charges, and describe any covenants or restrictions etc.

The Plan is a diagramme showing the outline of the boundary.


So what is 'available'?

Is it for the address in question?
Is it a Freehold Title?
A leasehold Title?
What?

davidmcn

What advice is your solicitor giving you?

davemorton

zagubov wrote: »

Dave, three years is near the minimum time anyone would suggest it's worthwhile buying rather than renting. This situation sounds like far too much trouble, even if you were staying there longer.

I'd follow AnotherJoe's advice and look around for somewhere else.

Evening Zag. The house itself is a worth buying for the price I have had accepted to do a flip in a couple of years. It needs work doing that I can do myself, and the price is right for a little profit (I know the estate and how houses sell in it very well). {Obviously dependent on getting absolute title to the house}

G_M wrote: »

The Title is the wordy bit. It tells you who owns the property whether there are mortgage Charges, and describe any covenants or restrictions etc.

The Plan is a diagramme showing the outline of the boundary.


So what is 'available'?

Is it for the address in question?
Is it a Freehold Title?
A leasehold Title?
What?

Thanks for answering GM, It is advertised as freehold by the estate agent, but obviously that means nothing. The estate consists of both freehold and leasehold houses. (Leasehold pay £10.50 groundrent a year). I just cant understand how they have have a Title register available to buy, if they have lost the deeds, unless it is just the details of the lease hold that I will get if I buy the £3 Title register. But then surely the leaseholder will be able to say who owns the house, making it easier to get absolute title to the house?

davemorton

davidmcn wrote: »

What advice is your solicitor giving you?

I have not had a chance to get in touch, but all they said before I went away was that the sellers could not find the deeds. Just letting my mind wander before Monday when I can get in touch.

Tiglet2

If there is a title register for the property at Land Registry then the property is not unregistered surely? I would pay the £3 and find out exactly what the document is and what precise property it relates to, who the owner is, as well as finding out if it is freehold or leasehold.

davemorton

Well downloaded and it looks like it is just showing the original freeholder of the property, as it lists about 30 properties.

G_M

davemorton wrote: »

Well downloaded and it looks like it is just showing the original freeholder of the property, as it lists about 30 properties.

So you have downloaded the freehold title for the property yes?


It will not be showing the "original freeholder of the property" - it will be showing the current freeholder.


My guess is that the freehold of the 30 properties is still owned by the person named on that Title, and that each house is subject to a lease which you are now being offered.