Search found 22 matches

by coops
12 Feb 2021 14:43
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Interesting- thanks. We have checked with the IPT office and they say that all IPT has been paid and nothing is owing on our property (and we have this in writing). So we wait to see what the developer response is- I dont think they should really be blocking this but as ever it is all about money (f...
by coops
12 Feb 2021 11:09
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Thanks - very helpful. I fear that they will try and sting us for IPT they paid at the higher rate and block our title deeds release this way then forcing us to try and reclaim the overpayment.
by coops
12 Feb 2021 09:39
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Nigel, the land registry have told us that, as part of our title deed application, they contact the developer to check that they have no objection to issuing our title deeds and if they do not respond in 45 days they will proceed anyway. This is a shame as I thought that by doing the route that we d...
by coops
30 Jan 2021 11:03
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Nigel Howarth wrote: 30 Jan 2021 10:50 I've not heard of any plans to change the fees.
This is what it says on the valuation website at the bottom: Note: For all those property sales for which VAT was paid, no transfer fees are applied. For all other cases, a 50% reduction is applied on the amount shown above.​

Thanks Nigel.
by coops
28 Jan 2021 15:53
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Super helpful thank you Nigel. Am hoping they maybe still have the 50% reduction in costs deal going which will help. It will just be a relief to have this sorted. What is interesting is that the LR have told us it will take 3 months to process the documents despite saying that our title deeds are r...
by coops
28 Jan 2021 10:45
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Ahh- this explains it then! For your comment: The statistics published show that the difference between the 'declared amount' (the figure in the contract) and 'accepted amount' (the Land Registry figure) is around 7.5%.- so the land registry add on 7.5% to your declared amount. But what if we have s...
by coops
28 Jan 2021 09:59
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Thank you Nigel. It seems a bit mysterious as to what value they actually take. We have deposited Our agreement of sale at the land registry when we purchased a property so would they not use this to value or do they have some other way of calculating it? I see that they were offering a 50% discount...
by coops
27 Jan 2021 16:20
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Nigel, do you know how we can work out what amount we would need to pay for our title deeds to the Land Registry- is it based on the 1980 price of the house? Thank you.
by coops
18 Oct 2020 18:24
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

If the land registry is saying they're releasing the deeds soon, the developer must have supplied with the necessary paperwork. The relevant documents are not for you, they're for the Land Registry. See my article Applying for Title Deeds, which explains the process in some detail. Thank you Nigel-...
by coops
18 Oct 2020 13:29
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Thank you Nigel. We have completed this file: file eglovismenou agorasti Yes, we understand that we need to pay the necessary fees before the title is released. The Land Registry has said they will be released soon- I presume that the developer has supplied the necessary certificates of final approv...
by coops
17 Oct 2020 18:34
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Hi again, We have been told that we are nearing our title deeds being issued by the land registry and our developer. We have put in place a compulsory acquisition for our plot by submitting our contract of sale and details of what was paid. However, the developer has said that the land registry will...
by coops
08 Nov 2019 16:23
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Nigel- did you have any clarification on my question- what does the compulsory acquisition form actually do when it is in place for when our title deeds are issued? Thank you
by coops
04 Oct 2019 23:12
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Re: Compulsory acquisition of title

Thank you Nigel. When they are ready what does this form do for us exactly? Sorry, I just don’t understand what advantages it will give us. Thanks.
by coops
04 Oct 2019 15:34
Forum: Property Ownership
Topic: Compulsory acquisition of title
Replies: 24
Views: 6680

Compulsory acquisition of title

Hello, We have completed a compulsory acquisition of title form via the Land Regsitry- our title deeds are not yet ready and I find it so difficult to know how close we are. The developer just fobs me off with "not ready" and the land registry is just impossible to get hold of to get an update. Coul...
by coops
01 Apr 2019 23:42
Forum: Property Ownership
Topic: Conversing with the DLO
Replies: 3
Views: 4736

Re: Conversing with the DLO

Thanks Nigel. What do you mean about people outside the LROs who might be able to help? Are these the people who have set up in the coffee shops of the LRO (seen them in Nicosia)