Buying a property is probably the biggest financial commitment that most of us make. You spend considerable time and effort, choosing a search area, looking around loads of houses, selecting one, negotiating a good price…and then hopefully buying it with no issues. Hopefully!
Land Registry and who owns the land your house sits on can be one of the biggest stumbling blocks to purchasing a house. This has to be fully investigated and documented as part of the legalities of the purchasing process. Getting a good conveyancing solicitor can be key to this process.
So, what is land registry?
UK Land Registry deals with the registration and ownership of property. The Land Registration Act 1925 was introduced in order to simplify conveyancing. It guarantees title to registered estates and land interests including ownership rights of freehold and leasehold properties, land, buildings, multi-height buildings such as office block and flats), mines (where resources lie below ground level) and airspace above property. More than 80% of the landmass of the England and Wales is registered under the land registration Act of 2002
When you must register property?
You must register all land or property in your name with Land Registry if you’ve:
- Mortgaged the property
- Purchased it outright
- Been gifted it
- Inherited it
- Received it in exchange for other property or land
Once you’ve registered it, the information is published online including your name, the price you’ve paid for the property and any plans you have for the land.
What are the benefits of land registry?
So what does land registry mean for you? When you’re looking to buy your next home, investment property or office or in the Oldham, Rochdale or Manchester area, Land Registry is a key part of the process. Benefits include;
- Proof of ownership of your house or piece of land
- Simplifies the conveyancing or purchasing process
- It safeguards your ownership rights of the land
How do I register a property?
There are 14 land registrar offices in the UK, with the closest one to Oldham being in Warton, Lancashire. The vast majority of people use a solicitor, particularly a conveyancing solicitor who has the correct experience in this field.
When you use a conveyancing solicitor like Peter Robinson & Co, you can be assured that we know the land registry law inside out and have investigated all proper channels of ownership.
Call or email us to find out more.