• No Title Guarantee AND Bankruptcy Restriction In Title Absolute

    By Guest on 14th Mar 2018





    Hello,

    I'm interested in buying a property to be sold by LPA with no title guarantee. I've checked the Land Registry and found:

    "(13.10.2016) BANKRUPTCY RESTRICTION entered under section 86(4) of the
    Land Registration Act 2002, as the title of the proprietor of the
    registered estate appears to be affected by a bankruptcy order made by
    the Adjudicator (reference BKT5******) against David ***** *****
    (Land Charges Reference Number WO *****/16)"

    Also I found:
    "(28.01.2016) Equitable charge dated 19 January 2016 in favour of
    Se***** ****** Limited"

    Please advise what are the issues I need to take into account? Particularly, I'm concerned about "no title guarantee" and if I buy the property will previous owners liabilities (he is bankrupted) will fall on me?

    Many Thanks for your answers.

    Best Regards

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