steve m
|
| posted on 5/5/09 at 07:56 AM |
|
|
Buying land from next door neighbour
I have a verbal agreement with my next door neighbour to a small bit of her front garden, that would give me much better accsess to my property,
The problem is, even though i will buy this land (3m x 3m) for about £300 with a reciept, will i legally own it, or does it need solicitors etc, as
if thats the case then its not worth the hassle
Ideally i would like it on the deads, for when we sell up,
regards
Steve
|
|
|
|
|
omega0684
|
| posted on 5/5/09 at 08:01 AM |
|
|
don't you have to have the plot boarder lines adjusted on the original documents, my dad knicked a paving slab's worth of land from our
neighbour to put a path around the garage and he got a solicitors letter a few weeks later, for the sake of a paving slab!!!!!
personally i'd get it on a formal contract to cover your back
|
|
|
Mr Whippy
|
| posted on 5/5/09 at 08:02 AM |
|
|
as you say, you need some solicitors to change the title deads for the property. If she moved out the next owner may change their mind if you
don't change the deeds and you then lose the ground even though you paid for it. You might also have to stipulate its use, just incase the next
owners of your property want to erect a shed, tree or outside loo on the land
[Edited on 5/5/09 by Mr Whippy]
|
|
|
iank
|
| posted on 5/5/09 at 08:08 AM |
|
|
Both sets of deeds (not deads  ) will need to be updated with the new boundaries.
Oh and beware of ransom strips and suchlike being left in place.
[Edited on 5/5/09 by iank]
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
|
|
|
DarrenW
|
| posted on 5/5/09 at 08:11 AM |
|
|
Defo worth having a quick chat with a local conveyancer about this. Probs not a hard job to do but both parties will need their own solicitor i
believe - one to sell, the other to buy. At least that way it is very official. Probs wont cost too much to do this as i suspect no searches will be
required.
|
|
|
steve m
|
| posted on 5/5/09 at 08:12 AM |
|
|
Thanks Guys
not really worth the hassle then, as with solicitors, deeds etc it wil be a lot lot more than £300
steve
|
|
|
iank
|
| posted on 5/5/09 at 08:15 AM |
|
|
£300 for 9m^2 of land is very very cheap
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
|
|
|
fesycresy
|
| posted on 5/5/09 at 08:23 AM |
|
|
Too bloody right !
quote:
Originally posted by iank
£300 for 9m^2 of land is very very cheap
-----------------------------------------------------------------------------------------------------
The sooner you fall behind, the more time you'll have to catch up.
|
|
|
eznfrank
|
| posted on 5/5/09 at 08:34 AM |
|
|
I sold a small plot of land roughly the size of a small garage base to my neighbour before I moved. He gave me £500 for it (it was of no use to me or
anyone else) and I just effectively did him a receipt saying I surrendered it or whatever. He extended out so he had a double garage and I guess his
intention was to just officially claim it after however long it is?
Was quite funny because I had a double garage and so did my neighbour but the chap on the end had no garage and wanted to buy the land to store his
caravan but only offered me £50 - Knob!
|
|
|
James
|
| posted on 5/5/09 at 08:47 AM |
|
|
quote:
Originally posted by DarrenW
Defo worth having a quick chat with a local conveyancer about this. Probs not a hard job to do but both parties will need their own solicitor i
believe - one to sell, the other to buy. At least that way it is very official. Probs wont cost too much to do this as i suspect no searches will be
required.
That's like saying you need a solicitor to buy a house!!!
Which you don't!
When I bought my house we did all the legal work ourselves (well, my Dad did most of it for me!) including searches and the like.
Conveyancing solicitors are a total rip off especially when you find out about all the mistakes they make (like my mate who sold his place and the
buyers solicitor forgot to include the garage in the sale!).
Read a book called: "The Conveyancing Fraud" by Michael Joseph.
Tells you all you need to do it yourself.
http://www.amazon.co.uk/Conveyancing-Fraud-Michael-Joseph/dp/0950502340/ref=cm_cr_pr_product_top
Hope that helps,
James
------------------------------------------------------------------------------------------------------------
"The fight is won or lost far away from witnesses, behind the lines, in the gym and out there on the road, long before I dance under those lights."
- Muhammad Ali
|
|
|
Mr Whippy
|
| posted on 5/5/09 at 08:57 AM |
|
|
quote:
Originally posted by James
quote:
Originally posted by DarrenW
Defo worth having a quick chat with a local conveyancer about this. Probs not a hard job to do but both parties will need their own solicitor i
believe - one to sell, the other to buy. At least that way it is very official. Probs wont cost too much to do this as i suspect no searches will be
required.
That's like saying you need a solicitor to buy a house!!!
Which you don't!
When I bought my house we did all the legal work ourselves (well, my Dad did most of it for me!) including searches and the like.
Conveyancing solicitors are a total rip off especially when you find out about all the mistakes they make (like my mate who sold his place and the
buyers solicitor forgot to include the garage in the sale!).
Read a book called: "The Conveyancing Fraud" by Michael Joseph.
Tells you all you need to do it yourself.
http://www.amazon.co.uk/Conveyancing-Fraud-Michael-Joseph/dp/0950502340/ref=cm_cr_pr_product_top
Hope that helps,
James
cheers for the link 
|
|
|
matt_gsxr
|
| posted on 5/5/09 at 09:13 AM |
|
|
I bought some land of my neighbour a while back.
I used a solicitor as it was a decent chunk of land (i.e. 90sq m for £10k).
My legal costs were £350. I also agreed to pay his legal costs.
Land registry costs were maybe £150 and I needed to provide a plan (hi-res OS off the web with bits drawn on, otherwise they want a surveyor to draw
it properly).
The critical bit is to register it with the land registry. You can do all this yourself, but in my case he was selling his house so I needed it doing
right.
It sounds like you have a bargain. Think of these extra costs as an investment in your property. When you sell the house you want it all to be nice
and simple (i.e. all the legal stuff in place).
As discussed before you don't need a solicitor, but you should sort out the paperwork if you are ever going to sell the house (or leave the
house for someone else to sell).
Matt
[Edited on 5/5/09 by matt_gsxr]
|
|
|
02GF74
|
| posted on 5/5/09 at 10:36 AM |
|
|
I would recommend you look hard at the lega lside of this and get deeds/land registry stuff changed.
For example what happens if your neightbour moves out and then you'll have to prove the land is yours and the deeds aren't updated?
|
|
|
blakep82
|
| posted on 5/5/09 at 10:40 AM |
|
|
haven't read all the replies, but she will need to speak to her mortgage lender first up. her solicitor will need to write to them with a map of
the propert showing the area being sold. her mortgage co will need to agree it first of all to make sure it doesn't affect their security. being
as the area is so small it won't be an issue. once thats done, the solicitor will do the rest. not sure whats involved in that bit exactly, but
it will need to be done through the land reg and title docs ammended.
i used to work for RBS mortgages but that was their way of doing it, her lemder might be different.
[Edited on 5/5/09 by blakep82]
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
|
|
|
owelly
|
| posted on 5/5/09 at 11:31 AM |
|
|
What you have if you've paid her £300 without changing the deeds and informing the land registry, is bought the land on license. But without the
actual license! That means she can claim the land back at any time. Or more importantly, anyone with a claim to her property can claim the land back.
http://www.ppcmag.co.uk
|
|
|
DarrenW
|
| posted on 5/5/09 at 11:50 AM |
|
|
Good call ref DIY conveyancing. Ive done that before when buying land. Just takes some time. There are some official forms you need but probs
available from HM stationers (or whatever they are called), probs downloadable these days too.
Worth a read of the book.
|
|
|
designer
|
| posted on 5/5/09 at 01:16 PM |
|
|
Deeds don't count anymore, but a solicitor is needed for land transactions.
|
|
|
blakep82
|
| posted on 5/5/09 at 02:41 PM |
|
|
and assuming most lenders are like rbs, you WILL need a solicitor
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
|
|
|
RK
|
| posted on 5/5/09 at 11:34 PM |
|
|
Don't cheap out on the solicitor. It makes you sleep at night. Nobody likes these people until you need them, and often you do. Trust me!
|
|
|
.jpg){kind=avatar}
