Property is owned by Solicitors. What does that mean?

Discussion in 'UK Property' started by Hav, Jul 7, 2012.

  1. Hav

    Hav 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.
     
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