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 restriction on land registry

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T O P I C    R E V I E W
CMJ Posted - 14 August 2010 : 11:11:09
Hi,

I just wondered if any one could shed a light on this question, we were discharged from BR in sept 2009, and did manage to keep our house due to negative equity, we bought back the BI and have just sold , making very little profit.

As far as we were concerned we could now sell and move on, but I have just read Land Registry documents and is states

A Restriction

No disposition by a sole proprietor of the land (not being a trust corporation) under which capital money arises is to be registered except under an order of the Registrar or the Court

Can anyone explain this to me , can we still sell or is this another problem?

Thankyou

Michelle
2   L A T E S T    R E P L I E S    (Newest First)
CMJ Posted - 14 August 2010 : 12:11:10
Thanks so much I had a real panic then,and thought a creditor had slapped on a charge.

Even though the only charges on the register are the halifax for our mortgage

Regards

Michelle
debtinfo Posted - 14 August 2010 : 12:09:07
Thats the normal one that is on everybodys and not to do with the bankruptcy. It means that the property is in joint naes and one cant sell without the permission of the other

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