The benefits of voluntary first registration
Burnetts' agricultural law solicitor Diane Barnes talks about the benefits of voluntary first registration.
According to its latest annual report, more than 15% of land in England and Wales remains unregistered by the Land Registry.
If your property or land has not changed hands or been dealt with in a way which triggers compulsory registration e.g. granting a Mortgage over your property, for a number of years, then it is likely it is still unregistered.
There are significant advantages in registering your property and land now, including the fact that the Land Registry fees for voluntary registration are lower than the fees for compulsory registration.
Further benefits in registration include ease, efficiency and protection, as follows:-
- saves time and reduces costs on subsequent dealings with the property.
- reduces the amount of paper work that needs to be retained and reduces the risk of deeds being lost as they are obtainable in electronic form from the Land Registry.
- offers a title guaranteed by the Land Registry and an accurate plan of the extent of ownership is created.
- provides better protection against claims of adverse possession or “squatter’s rights”.
- helps put your estate in good order for the benefit of future generations.
- provides an opportunity for any anomalies that might need to be sorted out with the title that would have remained undiscovered without the title investigation.
Burnetts offer a free deeds audit service to help you identify any title defects and potential problems as part of our Legal Health Check Service. For further information, contact Diane Barnes on 01228 552222 or email email@example.com
About the author
Senior Associate Diane specialises in agricultural land and property sales.
Published: Wednesday 19th November 2014