Hi
I am a first time buyer , our solicitor just informed us that the owners from whom we are buying the house have the Deeds in thier name but a search
has turned out that no folio numbers exsist for the them or previous owners.Essentially the land seems to be not registred. The house is on a new estate , and it seems the land was sold to somebody, who then sold the same and the present owners have the deeds nut no folio numbers exsist. Please advice is it okay to still buy the house ? Would I be able to have the Deeds registered once we buy the house ? Am I running a huge risk? My Solicitor is not very pro-active and we have already signed contracts and our bank has issues the mortgage checks. But our solicitor is not willing to close the same without the above information and even advices us to withdraw from the sale. Now me and my partner really love the house , pls can someone advice us so that we can take the right step- Pls Helpout !
I am a first time buyer , our solicitor just informed us that the owners from whom we are buying the house have the Deeds in thier name but a search
has turned out that no folio numbers exsist for the them or previous owners.Essentially the land seems to be not registred. The house is on a new estate , and it seems the land was sold to somebody, who then sold the same and the present owners have the deeds nut no folio numbers exsist. Please advice is it okay to still buy the house ? Would I be able to have the Deeds registered once we buy the house ? Am I running a huge risk? My Solicitor is not very pro-active and we have already signed contracts and our bank has issues the mortgage checks. But our solicitor is not willing to close the same without the above information and even advices us to withdraw from the sale. Now me and my partner really love the house , pls can someone advice us so that we can take the right step- Pls Helpout !