As above mentioned,
the first step to take before purchasing is to check the ownership
and charges at the Land Registry. You should apply for an Extract,
which certifies that the seller is the real owner and also states
any mortgage loan, lien or encumbrance on the property.
This search at
the Land Registry gives you safety as buyer. Extracts should be obtained
if you apply for a mortgage loan or even if not. Nevertheless, should
a bank be involved, it will require it and, if you wish, it will
manage the search itself.
Should the property acquired be encumbranced
with a previous mortgage or any other charge, those must be cancelled
by the seller, both financially and at the Land Registry. This can
be done before signing the purchase Deeds or in the same act. It is
important to emphasise the above, because should the purchase be completed
without having cancelled charges, then you will be liable of the costs.
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