Unencumbered

An Unencumbered property is one that is free from outstanding debts and has no legal restraints to its title. In this situation, no company can hold a claim or lien that could compromise the marketability of the property or delay a purchase transaction.

The owner can put the property up for sale without having to contend with any legal issues.

Because of the lack of restrictions, an Unencumbered property is relatively easy to sell or place on the mortgage market. However, conveyancing solicitors will still need to research the property to confirm that there are no disputes or claims to it.