The UK Land Registry – How It Can Help The UK Land Investor

The UK Land Registry – How It Can Help The UK Land Investor

A UK land investment transaction can be made easier by employing the UK Land Registry. The following questions and answers will give you a fleeting summary of what the UK Land registry offers and how the land investor can use the registry to their advantage:

What is the UK Land Registry?

The UK Land Registry is overseen by the Lord Chancellor and was developed to continue an efficient and obtain system of land registration for England and Wales. The UK Land Register holds official documentation of all registered land in both England and Wales. Each record contains the following five items:

*A rare number: The title number

*A description of the character: The character register

*The location and boundaries of the land: The title plan

*A statement of who legally owns the land: The proprietorship

*Information on mortgages, rights, or interests: The charges register

History of the UK Land Registry:

A mandatory land registration system for UK land was attempted several times during the late 1800’s but it was not until 1925 that the compulsory land registration system was successful in mandating that all transactions such as mortgages and sales must include land registration. The 2002 Land Registration Act alternation the UK land registration system by allowing the use of electronic signatures for conveyancing purposes.

What are the general benefits of registering UK Land?

*A public record of extent of ownership and rights of way are produced

*A guarantee of legal title is ensured

*Decreased possibility of fraud and land argument

*All mortgages and covenants are legally recorded

How can UK Land Registry information be of assistance to me?

When you are planning to invest in UK land, you can acquire useful information about the character in which you are interested. Several types of searches are obtainable at various prices, according to the kind and thoroughness of information in which you are interested in obtaining. The land registry information typically includes the following:

*Name of the owner

*character description

*Rights of way, restrictions, or other possible negative conditions regarding the character

*character price (only obtainable if registered after March 31, 2000)

*Name of mortgage lender, if applicable

How does one register UK Land?

The Land Registry maintains 24 local offices. Each office sets several counties in both England and Wales. Registration fees vary according to kind and size of land. Your local office can provide you with more information regarding the fee extent, required forms, and registration course of action for the specific kind of land that you wish to register.

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