Property is owned by Solicitors. What does that mean?



New Member
Hi all,

I am a start up property investor. I have 4 properties under my belt, but I have come across something which I do not know the answer to. Really hoping someone on here would be able to give me a better insight.

I am currently looking at a property around 26% BMV. I found the property through a 'BMV sourcing company' - they have a couple of offices dotted around London (they must be doing ok).

In doing my own due dillegence, using land registry, I have found the property I am looking at is actually owned by a solicitor company and not 'a pilot' like the company said.

Any ideas please let me know.

Thanks in advance.