IF YOUR LAND ISN’T REGISTERED,
WHERE DO YOU STAND?
Thousands of homes in England and Wales are standing on unregistered land.
Could yours be one of them?
If so, you should consider registering it now with Land Registry. Why? Because your property is likely to be one of your greatest assets. Yet, simply knowing that you own the land it stands on is not enough to guarantee you legal protection should any dispute arise.
Registering your land is easier than you might think and provides the ultimate guarantee of ownership, which means that your rights are protected. This leaflet is designed to help you understand the role of Land Registry and the benefits that voluntarily registering your property will bring.
WHO ARE WE?
Land Registry is a vast database of every piece of registered land in England and Wales, both leasehold and freehold. In fact, it’s the largest registry of its kind in the world.
We are here to maintain and develop a stable and effective land registration system throughout England and Wales. To this end, one of our key objectives is to complete our database by registering all the land in England and Wales by 2012. That way, we will all know where we stand.
To achieve this formidable task, we have set up a Register Development Team. They are here to help you. Each of our branches has a Register Development Manager on hand to give you all the advice and guidance you need. By working together we can ensure that the process of voluntary registration is as straightforward as possible.
WHY SHOULD I REGISTER MY LAND?
The only way to ensure that your ownership is recognised by the state is to register your land with Land Registry. Being able to guarantee ownership is crucial in many situations, for example, if you become involved in a dispute or if you decide to sell your property.
Once your title is registered, all the relevant details are stored on our database and can be referred to at any time. And with internet access you have proof of ownership literally at your fingertips.
The voluntary registration of your land brings all sorts of benefits:
Know where you stand
Your registered title comprises a description of the land, the owner and what rights and obligations affect it. It also includes accurate plans based on the latest Ordnance Survey maps.
Once registered, your title is guaranteed by the state. This allows you to defend your title with confidence should you ever need to. Your land will also benefit from better protection than unregistered land under the Land Registration Act 2002.
All records relating to your title are kept at Land Registry. Your title documents are stored electronically, which means that you can access them easily online. It also means that you don’t run the risk of losing crucial documents and you don’t have the cost of storing title deeds.
Easier to sell your home
Moving house is always stressful but if your property is already registered, you’ve got one less thing to worry about. Conveyancing is made that much more straightforward thus speeding up the process and reducing legal fees.
Proof of ownership
Nowadays, purchasers generally expect the land they are buying to be registered. It gives them peace of mind and avoids any grey areas. If your land is registered, a buyer can easily get an official copy of the register and title plan as proof of title at any time.
Streamlining your affairs
Most people gain peace of mind knowing that their affairs are in order. Registering your land has a significant role to play in ensuring that there are no loose ends.
Access to information
Because the register is computerised, you can access information 24 hours a day via the internet.
Difficulty proving your title?
Don’t worry if you no longer have the relevant deeds or documents. Land Registry will register a title where satisfactory alternative evidence is provided. Your local Register Development Manager will be able to advise you on this.
HOW MUCH WILL IT COST?
The fee for registering your property is a one-off payment based on the open market value of your house. As an added incentive, we are currently offering a 25% discount for voluntary registration. So, for a house valued at £120,000, our usual fee would be £150. But with the voluntary registration discount, the homeowner would actually pay £110, making a saving of £40.
To find out what it would cost you, please refer to the table below.
WHAT DO I DO NOW?
If you decide to go ahead, the first step is to contact your local register development manager, see details at the end of this factsheet. They will be able to advise you on the relevant aspects of registration and will be on hand to guide you through the process.
HOW LONG WILL IT TAKE?
As all applications are different, it is difficult to give exact timescales. However, the majority of cases are very straightforward and we have an excellent team in place to deal with your application as speedily as possible.
Remember, your home and the land on which it stands are two of your greatest assets. It makes sense to protect them. Choosing to register your property with Land Registry means that your title is guaranteed by the state.
This is the ultimate proof of ownership. And with our current offer of a 25% discount, there has never been a better time to get your affairs in order.
For further information visit::
Land Registry. Know where you stand, register your land.