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Bank Owned Property?

94shane · 2020-04-02 10:40:41

Hi, There is a house near me that was built around 2006 but never lived in. I decided to look up the land registry website & found the folio for the property. Seemed to be sold in 2004 to 2 people but in 2010 it said the following: "Charge for present and future advances repayable with interest. AIB mortgage bank is the…

02-04-2020 10:40am

#1

94shane

Registered Users, Registered Users 2 Posts: 14 ✭

Join Date: June 2018

Posts: 10

Hi,

There is a house near me that was built around 2006 but never lived in. I decided to look up the land registry website & found the folio for the property. Seemed to be sold in 2004 to 2 people but in 2010 it said the following:

"Charge for present and future advances repayable with interest. AIB mortgage bank is the owner of this charge"

Does this mean the bank owns the property? It has never been advertised for sale/auction. If the bank do own it, how would someone make contact with them about purchasing? Any help is appreciated.

Thanks

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Comments

#2 02-04-2020 12:28pm

Baby01032012

Registered Users, Registered Users 2 Posts: 1,622 ✭✭✭

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Posts: 1501

Bank don’t own it. They have a charge over the property. The property can’t be sold without bank confirming charge has been removed

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