Hi Nigel,
Does anyone know " The Bank " that deals with checking for mortgages before a developer will issue Title Deeds. This mystery Bank has already disclosed that there are 2 mortgaged properties on our development of 32, but our developer says it will be a month or so before this Bank releases the Deeds for them to be able to finally issue. Bear in mind that this Bank has had them since November. We are a development in Peyia.
Title Deeds
Re: Title Deeds
Barry, your post is a little confusing.barryedwards wrote:Hi Nigel,
Does anyone know " The Bank " that deals with checking for mortgages before a developer will issue Title Deeds. This mystery Bank has already disclosed that there are 2 mortgaged properties on our development of 32, but our developer says it will be a month or so before this Bank releases the Deeds for them to be able to finally issue. Bear in mind that this Bank has had them since November. We are a development in Peyia.
There is no bank that issues such information. The only place to find (officially) what mortgages are on properties is via the Land Registry. You can do the search yourself, by filling in an N50 form, take your contract of sale and passport, pay €8.54 or whatever it is and get the search document.
this will detail ALL mortgages on that plot of land.
It is not clear what you mean, when you say, "developer says it will be a month or so before this Bank releases the Deeds for them to be able to finally issue."
Can't help with this, but if I were to ready it literally, it sounds like some sort of fob off.
HTH
For all your property needs, we offer Trust, Integrity, Honesty.
FSB Properties Ltd
Registered and Licensed Real Estate Company. Reg. No. 1145, Lic. No. 572/E
Member of ETEK Registration No. A201999
https://www.fsbproperties.com
FSB Properties Ltd
Registered and Licensed Real Estate Company. Reg. No. 1145, Lic. No. 572/E
Member of ETEK Registration No. A201999
https://www.fsbproperties.com