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We will continue with our policy of only selling you a title if you are in receipt of independent legal advice from a Scottish solicitor of your own choosing. We will supply you with a list of solicitors that have knowledge of barony law if you ask but the choice of solicitor must be yours.
Following informal agreement with us on the particular title we require from you 10% plus VAT (tax at 20%) of the Agreed Price as a Buyer's Premium. Accordingly we require a payment of £12,000 (GBP) on a purchase of a barony priced at £100,000. We also require the payment of a 20% (of the Agreed Price) as a Deposit/Part Payment. There is no tax due on the Purchase Price. The Deposit will be lodged with our client’s solicitor.
The reason for the above requirement is that we have suffered recently by a number of people whose dream of owning a barony was totally unrealistic in terms of their ability to pay for the dream causing us, and our clients, considerable expense. The Buyer’s Premium and Deposit is only returnable in the event that your solicitor can point to some material defect in the title that our client offers you.
Immediately following receipt of your Buyer's Premium and Deposit we will remove the details of your barony from our web-site.
The buyers premium will guarantee you, and your solicitor, that the title offered has no conveyancing defects and should defects be found by your solicitor prior to purchase we will pay to your solicitor all of your wasted Scottish legal costs and return your Buyer's Premium and your Deposit. The Buyer’s Premium and Deposit will only be returned under these circumstances.
Buyers are expected to put their own solicitor in funds, the remaining 80%, in good time to complete the deal. When the buyer's solicitor is happy with the title offered he will 'conclude a bargain', to use the Scots legal phrase, on behalf of the purchaser and pay the seller's solicitor for the title.
We believe in operating in an open manner. We also believe that we will attract more business this way and, that in a market that has more than its fair share of rogues, we will inject confidence into our relationship with potential purchasers.
Most of the titles that we sell we sell on behalf of the owner; sometimes we acquire a title in our own name for onward selling. If we own the title we will tell you.
The purchase of a barony title is a major event in anyone's life. If you are interested in acquiring a barony title, but not yet ready to purchase, please feel free to discuss your future needs and preferences.
If you are purchasing a title from another source and require advice we will be pleased to try to help you.
We, at www.baronytitles.com, are not legally qualified and therefore we do not give legal advice either to purchasers or indeed our clients the sellers. However, we think it helpful to indicate the process of purchasing a barony title and this is set out below.
The process of purchasing a barony title is very similar to buying real property:-
Please contact us for more information.