NEWS

Mar 4 2018

What Does It Mean if There are No Title Deed Info Registered with LR?

# #what #does #it #mean #if #there #are #no #title #deed #info #registered #with #lr?, #vbulletin,forum,bbs,discussion,jelsoft,bulletin #board,money #saving,martin #lewis,shopping,save #money,insurance,holiday,flight,credit #cards, #loans, #competitions


#

Welcome to the MSE Forums

Forum Social Team

Many thanks for your input. The EA has spoken with the vendor who has informed him that she has the deeds in her possesion, and has lived in the property since 1996? As you point out,he has missed the fact that its the actual registration of land not the actual deeds that was the root of my enquiry.

Having held the deeds to my previous property, I understand that it is common practice now, since banks ceased to store them.

It was my understanding that all property should be registered, we are in the North West,Manchester area would this cause issues with the purchase?

Would it fall to the vendor or us as buyers to register? If so, is that expensive?

Not sure if a mortgage is held, the marriage has broken down and the property is empty as she has moved into her new partners house and wants a quick sale.

Sorry for all the questions, its just that I am interested in this and another property of which we have to make a decision on in the next few days.

Thanks in anticipation of your reply and advice,

Glad you like it!

Sorry!

There are currently no thanks for this post.

Registration is now compulsory in all areas when a sale takes place, so yes, if it is unregistered at present, you (or your solicitor) will have to register it in your name if you buy.

If the current owner has only been there since 1996 I’m surprised it’s not registered. See here for dates of compulsory registration.

Unregistered property is slightly (possibly considerably!) more complex to deal with than registered land, so conveyancing fees are likely to be higher (25% more. )

Last edited by G_M; 12-02-2011 at 8:02 PM.

Glad you like it!

Users saying Thanks (1)

Would it fall to the vendor or us as buyers to register? If so, is that expensive?

It falls to the vendor, or certainly did in our case.

Before our case got complex, all our solicitor was going to charge was the charge levied by the Land Registry for registration. Even with the complications, the charges were only an additional �150 in total.

Glad you like it!

Users saying Thanks (1)

Where land is registered, it is the buyer who updates registration with their name.

Where land is unregistered, it is the buyer who applies for First Registration.

(let’s face it, once the vendor has their money why should they care, or have any incentive to do anything about registration!)

Glad you like it!

Users saying Thanks (1)

Where land is registered, it is the buyer who updates registration with their name.

Apologies if my post was unclear, but the thread is about un registered land, and my reply was relevant to that – in our case it was the vendor’s responsibility. Perhaps that’s because we had a problem with the boundary.

Glad you like it!

Users saying Thanks (2)

Thanks once again Mufi for your experience, it seems as though it does need some clarification,and possibly a bargaining tool/incentive for us to show that we are serious and willing to deal with the additional costs/admin.

And GM, many thanks according to your link it should have been registered when first built as it was compulsory in our district from 1974,the property was built in 1976?

I really appreciate your assistance and feel more confident in the knowledge you have all offered in that I can now seek to clarify the issue instead of it cropping up and causing delays further into the process.

Thats providing we have our offer accepted in the first place!

Glad you like it!

Sorry!

There are currently no thanks for this post.

Apologies if my post was unclear, but the thread is about un registered land, and my reply was relevant to that – in our case it was the vendor’s responsibility. Perhaps that’s because we had a problem with the boundary .

Normally, whether registered OR unregisterd, it is the buyer who registers their Title.

I suspect that because you had a boundary issue, this had to be clarified before the sale could progress. So you (as owner rather than vendor) voluntarily registered your own property, in order to get the boundary clarified.

Then you sold and the buyer registered their ownership in place of yours.

Glad you like it!

Users saying Thanks (1)

If land is unregistered and the house is remortgaged, does that trigger registration? If not is it more complicated to do the remortgage?

Glad you like it!

Thank you Richard for clearing that up. Yes, he bought the house in the late 70’s and remortgaged in 86 or 87. He’s just about to remortgage again so it looks like the house will need to be registered at this point.

Hope Natwest’s free legals will cover that for him.

Once it is re-mortgaged and the bank registers it with HMLR, ask them for the deed pack – a lot of banks and building societies do not require them. And LOOK after it. Do not let them destory them. There are many details with the original deed pack that disappear if left to banks and HMLR. I like looking at the original plans rather than the latest Ordnance Survey base plan.

Glad you like it!

Sorry!

There are currently no thanks for this post.

Richard Webster

  • 7,385 Posts
  • 7,097 Thanks

Once it is re-mortgaged and the bank registers it with HMLR, ask them for the deed pack – a lot of banks and building societies do not require them. And LOOK after it. Do not let them destory them. There are many details with the original deed pack that disappear if left to banks and HMLR. I like looking at the original plans rather than the latest Ordnance Survey base plan.

Yes, and it isn’t just the literal deeds that are important – there could be consents for extensions under covenants, and copies of guarantees (and importantly the contracts/estimates leading to the guarantees for glazing, damp-proofing, timber treatment etc etc) planning and building regulation documents that will either be irreplaceable or will at least cost �10-�20 a go to replace on a sale if lost.

As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.

Glad you like it!

Sorry!

There are currently no thanks for this post.

Sorry, thread closed.

This thread is closed, therefore you are unable to respond.

Sign up for MoneySaving Emails

Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Have you ever had debt problems?And/or mental health issues? Please vote even if not in the MSE site poll. https://t.co/LXDxvHfhts RT

NatWest and RBS hit ‘occasional infringers’ with hike in daily overdraft fees

  • Tesco to replace 5p single-use bags with 10p bags for life

    Bills to drop for three million prepayment energy customers

  • Treasury Committee chair demands answers on Childcare Service website

  • Booking.com lists same hotel with different star ratings and prices

    More News

  • Written by admin


    Leave a Reply

    Your email address will not be published. Required fields are marked *