We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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!
What does a search lodged to protect a pending purchase mean?
Options
eastereggs
Posts: 1 Newbie
I’ve received an alert via the HMRC portal regarding a property I am interested in buying. I have been in discussions with the owner for sometime and I was aware they had another buyer interested. The other buyer had offered to buy the property for cash and do the transaction in one day. The owner told me about this but hadn’t decided. I then received an alert saying application lodged in favour of ‘buyers name’ to protect a pending purchase. Does this mean the property has now been sold? Or is it just the other buyer trying to secure the purchase? Thank you for your responses
0
Comments
-
The latter. It's a preliminary step done in anticipation of a sale completing in order to protect against adverse things being registered against the title, it doesn't necessarily mean anything has been exchanged or completed. If you want to know what's going on, you'll need to ask the owner.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards