Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I am looking at a plot of registered land, which is available at a very good price. However, I spoke with the neighbours on both sides and discovered the following information.
1/ On one side there is no defined boundaries, which the neighbour made a point of, but there is temporary low grade animal fencing.
1a/ Should the seller define these boundaries before selling the land?
1b/ Can they sell land without defining the boundaries?
2/ On the other side, the neighbour informed me, he had previously owned a comparatively small piece at the back of the land which i’m looking at, of which he sold to the present owner.
Ive looked into this and it appears the small piece of land was taken out of the neighbours recently registered title (neighbour inherited his property and then made first registration). When this piece of land was sold as mentioned came out of neighbours title and given a new title.
Now the owner of the land I’m looking at, subsequently took his larger parcel of land which I’m looking at, and amalgamated the large land by putting it into the small piece of lands title.
I am aware that the larger piece of land had been registered a lot of years ago, before the small piece of land was brought, but because the large piece of land has been put into the tiny parcel of land’s title, it makes it appear that it was only first registered much more recently than it actually was, and I can’t find the old title number.
Its like its past didn’t exist!
Does this sound strange?
3/ Now touching upon point 2, I was out for drinks and was chatting to a random person who happened to be a developer and briefly spoke about it. He mentioned from what memory serves me about something called Land ownership issues, countenance to wipe the countenance records and few other things I cant remember,
So hoping someone may have a point of view on this, I was hoping as a project to buy the land and self build.
thanks in advance.
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