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Folio number clarification

  • 13-08-2015 10:27am
    #1
    sillineysarah
    Registered Users, Registered Users 2 Posts: 4 ✭


    Hi all,

    I'm looking at buying two residential properties which are on the same piece of land. One bungalow was the original on the site, and a second dormer bungalow built in 2002.

    I'm just wondering if anyone would know why there is only one folio number on the two properties? Does this mean there is only one address? Should a new build have a folio number assigned?

    The second dwelling appears to have not met conditions of the original planning and a retention was only granted last year on the property. Perhaps this is why a folio number wasn't registered?

    To be honest, I'm searching and searching and I can't find a clear definition of what a folio number is and I'm confused as to weather every house should have one. Any clarification would be great.

    Thanks


Comments

  • #2
    Rabbo
    Registered Users, Registered Users 2 Posts: 637 ✭✭✭Rabbo


    It's not uncommon for more than one house to be on the same folio if the are owned by the same people. The main reason they may have been split into separate folios was if a mortgage was on one or the other. There is nothing to worry about if you are buying both properties but if you are getting a mortgage on one, you can get the folio split so that the mortgage charge isn't over the other. The houses can have two separate addresses but be on the same folio.



    The planning process and the land registry process are completely seperate so it has no bearing on planning.


  • #3
    sillineysarah
    Registered Users, Registered Users 2 Posts: 4 ✭sillineysarah


    Ah ok, that's really helpful thanks.

    Do you know would it have any bearing when selling the properties separately later down the line then? We're buying both properties but one would belong to my mother-in-law and the other to us. We would have a mortgage on ours, so I assume from what you said we would have to look for a separate folio if we were to sell them separately.


  • #4
    Rabbo
    Registered Users, Registered Users 2 Posts: 637 ✭✭✭Rabbo


    No problem. In that case, you will need to get them separated now as part of the transaction. One folio to your mother in law and one to you, mortgaged. It's a straight forward process however you will need someone (engineer/surveyor/similar) to draw up the separation map. You will need to know on the ground where you want to draw the division line before instructing them. This new boundary line ideally shouldn't conflict with any boundary lines that were drawn in the planning applications for the houses


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