Land charge

O

Oreills

New Member
We are currently selling our house. The searches have revealed a £20k debt on the property which was taken out 12 years ago by the previous owners from the local council. We were completely unaware of it as it wasn’t revealed in the solicitors searches when we purchased the property 10 years ago. We are now being told that we are liable to repay this. Has anyone been in this situation or know what options are?
 
L

Longterminvestor

Administrator
That is a fairly large debt, what kind of debt are we talking about here? If your searches managed to find the £20,000 debt then I would ask yourself why the previous searches didn't? Surely the previous solicitors have questions to answer? These are fairly basic elements to any search or am I wrong?
 
F

FWL

Member
I thought the whole point of these searches was to find issues such as this? Personally, I would go back to the solicitor who acted for you during the purchase process and see what they have to say.
 
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