Potential House Sale

[Mayz]

If considering selling a property which was bought for below market value from a relative for personal reasons, would the reason you purchased for less need to be disclosed to any potential buyers solicitor. Any information would be brilliant, thank you

[Wylderose]

The amount that the property was purchased for is listed on Land Registry, so any solicitor who ran a LandReg search would be able to obtain that information. In fact your prospective buyers could obtain the same document from LandReg - I think it costs about £3

[Mayz]

Thank you, that's helpful. So would the buyer or their solicitor be entitled to ask why you purchased the property for below market value previously? I wondered whether the buyer's side would need to check this out for ant money laundering purposes or would this be down to your own solicitor as part of selling?