HM Land Registry maintain a register of ownership of land and property in England and Wales, which currently contains more than 26 million titles, which guarantees circa 88% of ownership of land in England and Wales. Does your property fall under the remaining 12% of unregistered land?
“Accelerating for digital transformation”
The Land Registry are aiming to register 100% of land and property in England and Wales by 2030, to improve the conveyancing process and to secure property from fraud or unknown ownership.
So why register?
- The fee for voluntarily registering your property is 25% cheaper than the usual fee, which can be a substantial saving!
- The title will be readily available proof of your ownership which can be obtained online for a small fee
- It will be easier and quicker for you to sell, mortgage or let your property
- You can say goodbye to those historic deeds which you don’t know where to keep
Are you worried about fraud?
- You are increasing the protection of your property against fraud or claims of ownership from third parties
Future planning
- Title deeds can be easily lost, damaged or destroyed. By having a registered property, you are making it easier for your loved or trusted ones to deal with some of your most valuable assets when you are no longer able to.
- When you have to deal with a loved one’s valuable asset, you can do so without the anxiety or worry that deeds may be lost or the transaction is delayed due to unregistered title issues.
