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Restrictions on the title
Comments
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These are standard charges, the first is a mortgage and the others are finance or debt enforcement. The seller cannot give good title unless these are discharged, and his solicitor will be dealing with that. They will already have checked if there’s going to be enough equity to clear the debts.You don’t need to worry about it- you have said that you don’t understand the legal wording and that is what you are paying your solicitor for. Trust them to deal with it. The finance companies will not discuss it with you, because it has nothing to do with you.Life is mainly froth and bubble: two things stand like stone. Kindness in another’s trouble, courage in your own.0
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Don't assume that presence of a restriction means it is still 'live'.Some of the debts may have been satisfied, but the paperwork has never been submitted to LR to have the restrictions removed.
Your solicitor will deal with the companies to arrange for them to be removed.0 -
For anyone looking into restrictions later, HMRC have just introduced a new form RXC for consents and certificates pursuant to registered restrictions: https://hmlandregistry.blog.gov.uk/2021/07/26/in-form-ed-consent/0
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