Land registry/title deed fees
Posted: 27 May 2019 14:31
Hi.. Looking for some advice regarding title deeds. About 2 months ago I visited the Land registry in Paphos and paid monies owed in order to have the deeds transferred to my name as part of a restructuring with the Bank. No problem. However, the Land registry had valued the apartment at 185,000 euros. They did not send a surveyor to evaluate the property. They just came back downstairs with whatever figure they fancied in my opinion.I was told that if I paid the sum they had calculated, I could then fill in an application form to contest their price, which i did on the day and that they would eventually contact me with the possibility of being refunded some money back in the future once they had a look at my claim.
Now before restructuring my loan, the Bank had sent a surveyor along in Feb and just today I have actually received their documents. They have valued my property, in February, for 124,000 euros (A massive difference). When the property was registered at the Land Registry in 2008, the developer had it down at 148,000 euros.
A week ago, the Land Registry called me and have told me that if i still want to contest their valuation, I can proceed but understand that "YOU MAY END UP PAYING MORE BECAUSE WE FEEL WE UNDER VALUED YOUR PROPERTY".They also said that the chance of my property being valued at less than their initial price is basically zero. Has anyone been in the same position. I have a meeting tomorrow at the land registry in order to sign a withdrawal and to end my claim, due to being worried that they may in fact try and get even more money out of me but now that I have the surveyors documents I'm not sure what to do.Any advice? Thank you
Now before restructuring my loan, the Bank had sent a surveyor along in Feb and just today I have actually received their documents. They have valued my property, in February, for 124,000 euros (A massive difference). When the property was registered at the Land Registry in 2008, the developer had it down at 148,000 euros.
A week ago, the Land Registry called me and have told me that if i still want to contest their valuation, I can proceed but understand that "YOU MAY END UP PAYING MORE BECAUSE WE FEEL WE UNDER VALUED YOUR PROPERTY".They also said that the chance of my property being valued at less than their initial price is basically zero. Has anyone been in the same position. I have a meeting tomorrow at the land registry in order to sign a withdrawal and to end my claim, due to being worried that they may in fact try and get even more money out of me but now that I have the surveyors documents I'm not sure what to do.Any advice? Thank you