Land Registry History - What is this Category B "Additional Price Paid" transaction?

Ricky116

Hi,

I am looking at a house that the land registry sold house prices says:

1. June 2021 £370k (category A "Standard price paid transaction"), Estate Type: Leasehold, Property Type: Detached
2. June 2022 £85k (category B "Additional price paid transaction"), Estate Type: Leasehold, Property Type: Other

Does anyone know what that category B transaction means? The house is unchanged externally. There is no BTL. The occupiers have not changed. The first transaction is accurate to its sale price at the time.

RelievedSheff

Our old house is listed as a Cat B sale. We part exchanged it against a new build.

Ricky116

Interesting.... But the property hasn't changed ownership, and the transaction was recorded 3 months ago now. Can a house be partially sold to free equity? I would assume not really.

Maybe it's a Help-to-Buy thing, where one year later the government now owns a proportion of the house so that is recorded on the registry?

It's just a curiosity at this point!

SallyDucati

Or they Ricky116 said:

Ricky116 said:

Interesting.... But the property hasn't changed ownership, and the transaction was recorded 3 months ago now. Can a house be partially sold to free equity? I would assume not really.

Maybe it's a Help-to-Buy thing, where one year later the government now owns a proportion of the house so that is recorded on the registry?

It's just a curiosity at this point!

Or they paid off the Help to Buy so owners now own 100%?

sheramber

Ask on the Land Registry thread  

https://forums.moneysavingexpert.com/discussion/5685941/land-registry-questions/p436

Skylon

Could it be a shared ownership lease and the owner has bought a further % share?

Ricky116

The house was sold for £370k at full value last year, I am pretty much 100% certain that price was the price of the house. The house being worth 370+85 at the time is out of the question I think.

It would be more than double what I would expect the absolute maximum to be, but it is theoretically possible that the house value has appreciated by £85k since then. But I've no idea how this would possibly show up on the transaction history.

Hmm, perhaps it's something like the owners decided to sell some equity to (presumably their own) limited company due to worry about potential rates and personal liability? Or to a family member to include them in the affordability checks if they were expecting to struggle otherwise? Neither of these make much sense to me, and I don't understand 'partial' sales, whether that's even possible, and if such things would show up on the registry like this. Ah!

thecatsmother70

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.