Is your property not yet registered at the Land Registry? Worried about losing the deeds?
More than 30 percent of land in England and Wales is still owned by people who have their ownership recorded by a multitude of historical deeds potentially at risk of theft, destruction or loss. Could this be you?
The remaining 70 percent of land belongs to people who have 'registered' their deeds with the Land Registry, which have been replaced by computerised records held centrally at the Land Registry, and which are guaranteed by the Government.
You can immediately see the attraction of registration.
If your deeds remain unregistered, then voluntary registration has numerous benefits:
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- Registration means there is a central Government backed record of your deeds which you can never 'lose' as you can with unregistered deeds.
- Chancel Repair liability will not bind Registered Land if it is not recorded against the title by October 2013.
- Registration helps to protect land from encroachment by neighbours.
- It enables you to identify your landholdings and simplify your deeds - making ongoing management easier.
- It provides simpler access to your land ownership details in the future - this is useful when it comes to selling or should anyone else make a claim.
- We anticipate over the next few years the Government will introduce 'electronic conveyancing' and this will only be possible with registered land. Being unregistered will cause delay.
- It consolidates and stores relevant information in one place.
- Potential buyers increasingly expect land to be registered before buying.
- Even if you have lost your unregistered deeds or have difficulty proving your land ownership, you may still be able to register your land.
- It incurs a one-off cost that brings savings in the longer-term.
- There is a 25 percent fee discount for all voluntary registration applications.
- It is not as expensive as clients may think. The fee is based on the value of land, so the cost could range from as little as £60 for land worth up to £50.000 to £690 for land worth over £1 million.
- Land Registry aim to make the process of voluntary registration as straightforward as possible.
We can handle the process for you.
Simply contact a member of the Team to discuss/
No hidden charges. Ever!