I'm hoping that someone on here has greater legal knowledge than me....
In the process of buying a house and the solicitors have sent me some more paper work, and one document had details of the title and any covenants attached to the property. They mentioned in a letter that there is a restriction on the property, which they refer to as a trust deed.
Here is what the section says in full:
Restriction: No disposition by the proprietors of the registered estate is to be registered unless they make a statutory declaration, or their conveyancer gives a certificate, that the disposition is in accordance with a Trust Deed dated 29 February 2008 made between Person A (i have removed actual names) and Person B or some variation therof referred to in the declaration or certificate.
In the letter they also sent me they state to sort this restriction out it will cost an extra £100. Now I have tried to google this but cant get a clear understanding of its meaning, does it mean a bank has an interest in the property or is that they have a trust deed in case they split and are not married?
Can anyone help me out? I understand that any of the advice here is not 100% solicitor advice, but just want to understand it! And as its the weekend i cant call my solicitor