Soldato
- Joined
- 24 Sep 2007
- Posts
- 4,857
Hi All
There's an abandoned house near me, and I'm wondering if it could be an affordable way into property ownership. It has been abandoned for at least two years. I know you can find out who owns it by making a request to the Land Registry. What I'm wondering is how affordable the proper legal procedure would be to take ownership of it. Has anyone ever done this? Does it actually represent a low cost way to obtain a house, or are there high expenses and risks involved? Do you end up having to pay a lot for the house anyway, e.g. the Land Registry would send it to auction? Is there potential for an affordable bargain or is this not a possibility?
Thanks
There's an abandoned house near me, and I'm wondering if it could be an affordable way into property ownership. It has been abandoned for at least two years. I know you can find out who owns it by making a request to the Land Registry. What I'm wondering is how affordable the proper legal procedure would be to take ownership of it. Has anyone ever done this? Does it actually represent a low cost way to obtain a house, or are there high expenses and risks involved? Do you end up having to pay a lot for the house anyway, e.g. the Land Registry would send it to auction? Is there potential for an affordable bargain or is this not a possibility?
Thanks