Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I am currently looking into the possibility of buying a small piece of land (around 15m2) from my next door neighbour. I have spoke to them about the purchase and they are happy in principle and just want to agree a price which suits both of us. The problem I have is how I go about changing the title deeds with the land registry and drawing up the new plans.
I have had a few quotes from local solicitors to administer the transfer but in principle this seems like a pretty simple task that they are asking a lot of money for.
My neighbours have not used this piece of land for years and left it overgrown. I only intend to use it as an extension of my exsisting garden and not as any sort of building plot and am happy to write this into the title deed amendments.
Is there anyone out there that could advise me what paperwork I need to complete with the land registry and how I get new plans drawn up so show the changes without going through the solicitors?
Any advise would be greatly appreciated.
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