Full Title vs Limited Title Guarantee

When a property is sold, generally the seller agrees to sell their property with ‘full’ or ‘limited’ title guarantee.

Full Title Guarantee

Full title guarantee confirms that the seller has the right to sell the property and that the seller will, to the best of their abilities ensure the buyer obtains a good title.   Full Title guarantee confirms that the sellers are in a position to guarantee that the property is not subject to any third party rights, mortgages or charges.

From a buyer’s perspective full title guarantee is deemed to be the most beneficial as it reassures the buyer that no one else can claim rights to the property.   

Limited Title Guarantee

When the seller has no personal knowledge of the property, the property is usually sold with Limited title guarantee. Often this will be because a property has been repossessed by a mortgage company or is being sold by executors following a death. In cases such as these, it is normal for the seller to give only a Limited Title Guarantee. Although this sounds as if it should be of concern your solicitor will have made the usual checks on the legal title to ensure that any mortgages or third party rights are investigated before you exchange contracts to purchase it

When selling or buying Both buyers and sellers need to be aware of any implications that may arise.   The property team at Johnson Astills understand that buying and selling a property can be quite a daunting process and That’s why Johnson Astills’ conveyancing solicitors approach every transaction as if it were their own. We are here to help you every step of the way, to make the process as smooth as possible.

Our Property Team at Johnson Astills can assist you if you are looking to sell or purchase a property. Please call us on 0116 2554855.