Deed Not Stamped

B

brilliant81

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Has anyone come across this? A new house built sold by builder to buyer. then the buyer proceeds to sell it on for a profit even though they havent registered property in their own name. This is illegal obviously but can anyone tell me if they have encountered this and how to combat it?
 
First of all a subsale can be legitimate depending on the circumstances. Secondly, how does this affect you?
 
Currently buying a house and have deposit paid but after looking at papers deed isnt stamped and the vendor refuses to answer any queries till sale is closed. There is alot of money involved to get swindled
 
I cannot understand your last post. Did you get an opinion from a second solicitor? Did your solicitor seek an opinion from someone? Who is misinforming who?
 
We went to another solicitor who informed us that deal seemed unusual and not to go ahead with it. Our solicitor keeps making excuses to avoid appointments. Delayed showing contracts and has completely misguided us. seems to be on vendors side
 
This just doesn't make sense to me at all. If the vendors are selling as the persons entitled to become the registered owners then they will have to stamp their deed of transfer, now or before closing, with any consequent interest or penalties if there has been a delay. If this is a genuine subsale, then they are selling on the strenght of a contract and the transfer will be from the original vendor. Either way it is straightforward. If your first solicitor said otherwise, then they are wrong but obviously you already know that and have retained the services of a new solicitor.
 
Well we are not purchasing and have engaged the service of another solicitor for next purchase. What a crooked world we live in
 
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