Viewing deeds titles to know the ownership history of an unregistered property can be a timely process.
However, if it applies to the Land Registry, you can make sure that your property is registered.
A public record maintained by the Land Registry will show the boundaries of the property, its ownership and will reveal any right or reservation attached to the property.
Some events will activate the first mandatory registration as if the property will change ownership (if, for example, the property was sold or mortgaged, or a lease that will last more than 7 years).
There is still more than 30% of the land in England and Wales that has not yet been registered.
The Property Registry aims to reduce this figure to 20% in 2019.
What are the benefits of registering your property?
– The entries of the Land Registry act as proof that you are the owner of the property; Tickets also include an official plan that describes the exact extent of your land.
– Provide greater protection against illegal occupants and could help avoid any disagreement over boundaries.
– When selling your property, it will be simpler, faster and less expensive, since your attorney will usually be able to obtain a copy of your property registry from the Property Registry website immediately.
– You do not have to worry about the disappearance or destruction of your actions.
– You can avoid becoming a victim of fraud as a result of copyrighted property titles.
– The registration of your property gives you the opportunity to resolve any inaccuracy or omission in the property titles.
Why register now?
By volunteering to register your property now, the Land Registry offers a 25% discount on the fee for voluntary registration.
The fee for a voluntary application will be payable and a scale based on the value of the property, according to the main tariff scale of the Land Registry (Scale 1), but the fee to be paid will be reduced by 25%.
What do I do now?
The best thing you can do is talk to property attorneys with experience in these matters; They should be able to find out only if your property has been registered in the Property Registry.
If your property is registered, they can provide you with a copy of the registered entries at a lower cost.
However, if your property is not currently registered, your property attorneys can help you make the request for voluntary registration.
If a problem arises when examining the deeds, your attorneys will help you resolve them while you register the property.
Most property attorneys will accept a flat fee to file a First Registration Application on your behalf. They can also offer you the necessary legal advice and offer solutions to possible defects in your unregistered title.
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