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Anyone know anything about house deed terminology?

4 replies

wildstrawberryplace · 15/05/2013 20:20

A house that I love was for sale last year but I wasn't in a position to buy at that stage. The house didn't sell and was rented out instead.

I am now in a position to buy the house, have looked on the Land registry with a view to contacting the owner and making an offer if they are still looking to sell.

The entries on the deeds

1 (11.02.2007) PROPRIETOR: Mr Bloggs and Mrs Bloggs of
Dream House, Acacia Avenue, Anytown, AA1 1AA.

2 (11.02.2007) The price stated to have been paid on 1 January 2007
was £Lottadosh.

3 (21.04.2012) RESTRICTION: No disposition of the registered estate
by the proprietor of the registered estate is to be registered
without a written consent signed by the proprietor for the time
being of the Charge dated 2 April 2012 in favour of HSBC Bank PLC
referred to in the Charges Register.

What does this mean?

OP posts:
carolinemoon · 15/05/2013 20:27

It just means that they have a mortgage on the property, same wording would appear on any title of mortgaged property

wildstrawberryplace · 15/05/2013 20:34

Ah OK thanks. So the date of the charge is the date they took out a mortgage? Would make sense as they might have paid cash in 2007 and then needed to release money from house last year when they moved abroad.

OP posts:
JamieOliveOil · 15/05/2013 22:14

Yes, it means that they purchased the house in 2007 and took a mortgage in 2012. The "no disposition..." bit means that no further charges or transfers of the owners may proceed without the consent of HSBC as the first lender.

carolinemoon · 16/05/2013 06:06

I think it is the date they took out their current mortgage, so they could just have remortgaged in 2012

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