We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
New-build limited title guarantee
James101010
Posts: 4 Newbie
Hi everyone. I'm brand new to MSE and could do with some insight on this, please.
I've read a lot about limited title guarantees, when they're used and why - including on this site - but I've been completely unable to find out if there's any specific reason why a limited title guarantee might be offered on a new-build. Naturally, I'm a bit spooked about this.
Unsure if any of this info is useful, but for context: the property is terraced, between 600m-800m from a river, and a management fee is paid to the company who maintain the estate. Also, I'm not allowed to modify the outsude of the house for 5 years. Not sure what else might be helpful.
Can anyone tell me why I'm not getting full title guarantee please? I've asked the solicitors as well.... I'm sure I'll hear back at some point.
I've read a lot about limited title guarantees, when they're used and why - including on this site - but I've been completely unable to find out if there's any specific reason why a limited title guarantee might be offered on a new-build. Naturally, I'm a bit spooked about this.
Unsure if any of this info is useful, but for context: the property is terraced, between 600m-800m from a river, and a management fee is paid to the company who maintain the estate. Also, I'm not allowed to modify the outsude of the house for 5 years. Not sure what else might be helpful.
Can anyone tell me why I'm not getting full title guarantee please? I've asked the solicitors as well.... I'm sure I'll hear back at some point.
0
Comments
-
Is the seller the owner or developer of the property or is it someone else?0
-
The contract lists the developer as the seller. There's a transferrer listed as well, which is a different company.Tiglet2 said:Is the seller the owner or developer of the property or is it someone else?0 -
If the developer had bought the land with a limited title, would this pass on?
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll1 -
Limited title guarantee (I’m assuming you mean in the Contract rather than the actual title?) is often where the seller has little knowledge of the property, eg a probate sale.In your case it sounds as though the developer is not the registered proprietor as you mention a different company being the transferor. Does your legal report say you are getting title absolute?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards