Win tickets to the ATP finals
Niall Livingstone, Younger of Bachuil, whose family title dates back to the 6th century, said that the new land reform laws will remove the traditional legal safeguards that confirm their authenticity.
Until now all titles have had to be sold with a parcel of land relevant to the barony. The transactions, including the barony details, have been recorded on the official land registry.
However, the Abolition of Feudal Tenure Act 2000, which came into force today, removes the landowning element of a barony title. Only land transactions will be registered — not the barony, leaving prospective buyers with no way to check the authenticity of the title they are being sold on official records.
Livingstone, who is spokesman for the Convention of the Baronage of Scotland, believes that the change will create a lucrative market for those peddling fake titles.
Barony titles can fetch up to £750,000. He estimates that only 10% of the estimated 2,500 barony titles held in Scotland are genuine.
“There is a strong consensus that this situation has already gone too far,” said Livingstone.
“Separating the title from the land will undoubtedly make it even more difficult to detect dubious claims.”
Unlike English titles, Scottish baronies will continue to be transferable to an heir as ministers decided not to scrap the titles in case it prompted huge compensation claims from owners deprived of a “heritable asset”.
The titles, many dating from medieval times, allow the owner to use the prefix of baron on official documents, credit cards and cheques, but do not confer aristocratic status.
“It won’t make it easier to get a title,” said Brian Hamilton, a broker with Scottish Barony Titles. “I’ve sold 21 titles this year; only one had a substantial amount of land. I don’t think it will cheapen baronial titles. People buy them for the association with Scotland, the genealogy, the historical importance.”
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
36-month car lease
on contract hire for
£359.99 plus VAT pm
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
The UK's leading alternative to showroom finance.
Finance packages tailored to your needs.
Minimum loan of £15,000
Car Insurance
£12,578 per annum
The Independent Housing Ombudsman
London
Competitive
Barclaycard
Not Specified
The Sheppard Trust
London
£80-95,000
Clay McGuire Executive Selection
Moments from Battersea Park.
For sale with Winkworth.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.