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WOODY
Joined: 24/02/2008
Posts: 171
Message Posted:
28/02/2009 21:04 | | Join or Login to Reply | Message 1 of 10 in Discussion |
| comments please on shared title deeds (between yourself and your builder) has anyone been asked to do this ? |
cronos
Joined: 26/10/2008
Posts: 2093
Message Posted:
28/02/2009 21:16 | | Join or Login to Reply | Message 2 of 10 in Discussion |
| Never heard of this Woody.
How does this work?
Is it like the Part Purchase scemes here in the UK where you only buy say 50% or 75% of the property outright? |
joandjelly
Joined: 24/02/2008
Posts: 2953
Message Posted:
28/02/2009 21:29 | | Join or Login to Reply | Message 3 of 10 in Discussion |
| A shared title deed can be issued on a plot that has not been parcellised. For example if there are 10 properties on 1 deed each owner can be issued with a 1/10th share of that deed in their name. As and when the plot is parcellised a full title deed in each owners name is then issued with its own plot number. |
cronos
Joined: 26/10/2008
Posts: 2093
Message Posted:
28/02/2009 21:32 | | Join or Login to Reply | Message 4 of 10 in Discussion |
| Thanks joandjelly....so is the builder/developer only a shareholder until such time as all the plots have been sold and the site parcellised? |
WOODY
Joined: 24/02/2008
Posts: 171
Message Posted:
28/02/2009 22:08 | | Join or Login to Reply | Message 5 of 10 in Discussion |
| Sorry not between builder and ourselves, between all plots on our site, has anyone been issued with shared deeds and if so how long before deeds recieved on individual plots, just looking for any pitfalls |
Hector
Joined: 26/08/2008
Posts: 2352
Message Posted:
28/02/2009 22:26 | | Join or Login to Reply | Message 6 of 10 in Discussion |
| Is this a way round getting PTP? |
joandjelly
Joined: 24/02/2008
Posts: 2953
Message Posted:
28/02/2009 22:34 | | Join or Login to Reply | Message 7 of 10 in Discussion |
| Cronos - sorry I don't really understand what you mean by the builder being a shareholder. A plot of land cannot be parcellised until the whole site is completely finished with all services, roads and street lights. In this instance a shared deed can be issued and is what the locals usually get seeing as they don't have to have PTP.
Hector - you still have to have PTP to get a share deed. |
WOODY
Joined: 24/02/2008
Posts: 171
Message Posted:
28/02/2009 22:38 | | Join or Login to Reply | Message 8 of 10 in Discussion |
| no we already have this i think its the quickest way to do paperwork before 31st March before 75% disscount runs out |
PIPIE
Joined: 05/01/2008
Posts: 5499
Message Posted:
28/02/2009 23:31 | | Join or Login to Reply | Message 10 of 10 in Discussion |
| you have to have PTP to have deeds . We have been informed our deeds will be ready in a couple of months will update you when deeds are in our hands . hope this helps . |
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