• Contract And TP1

    By Guest on 18th Feb 2017

    I’m hoping to buy a property near my current home. The Contract says, “Title Guarantee : LIMITED TITLE GUARANTEE” but, on the (TR1 Part 9) there is an “X” in the box next to FULL TITLE GUARANTEE.

     

    Also, the Land Registry Register of Title document says,

     

    Part C : Charges Register

     

    1 (30.03.2016) The land is subject to such restrictive covenants as may have been imposed thereon before 30 March 2016 and are still subsisting and capable of being enforced

    Should I be worried?

  • 2 Answers

    By Guest on 19/02/2017

    Don't worry too much about the title guarantee. As for the entry in part C, this suggests to me that the property has only Possessory Title. Have a look at part B, does it say Possessory Absolute?

  • By Guest on 19/02/2017

    Part B : Proprietorship

    This register specifies the class of title and identifies the owner. It contains any entries that affect the right of disposal.

    Title possessory

    1. (30.03.2016) PROPRIETOR: XXXXXX XXXX XXXX of XX Xxxxxxx Road, Merthyr Tydfil CFXX XXX Executor of Xxxxx Xxxx deceased.

    2. (30.03.2016) the value stated as at 30th March 2016 was £160,000.

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