What Is A Limited Title Guarantee?

When you are buying a home for the first time you will hear a lot of new terms. Terms that you haven’t come across before. This is why you need our friendly and experienced conveyancers in Peterborough to help you. We can help you understand all the confusing terms used in the house buying process, so the process feels less stressful and more exciting. One of the terms that you may come across is a Limited Title Guarantee.

In this blog post we look at what a limited title guarantee is and what it means for you and the house you want to buy.

If the seller of the home has no personal knowledge of the property it will be sold under a Limited Title Guarantee. This is often the case for homes sold by an attorney for example. The executor of the property may also need to sell the property under this title guarantee too. A house that has been repossessed will need to sell the home with this title guarantee. The same for a home that is being sold by a trustee or personal representative.

In simpler terms, it means that the person selling the home can not guarantee it isn’t subject to any financial charges. This means that they can’t guarantee there are any rights over the property. It also means that they may not be able to five any information on what these rights may be. The seller will also be unable to confirm if there are any covenants in place that may affect the property.

Here at Burgh Thorpe Solicitors in Peterborough our conveyancing lawyers can help you with the sale or purchase of your home. As part of this, we will advise you on the title held by the property. We will advise on which title guarantee is more suitable for your property too.

Regardless of whether you are selling or buying a property, our conveyancing team are here to help you. We will help you make sense of the house selling process so you can enjoy buying or selling your home. Call us now to see how we can help you.