First Registration of your property at the Land Registry would be beneficial, not only would you have peace of mind that you have sorted everything for the Executors of your estate, there are many other benefits which come with registration at the Land Registry too.
Registration of a property at the Land Registry is advantageous for anybody whose property is currently unregistered regardless of whether they are looking to put their affairs in order through estate planning.
Registration at the Land Registry would also benefit you as follows:
- It would get rid of the need for the old paper title deeds, thereby preventing any issues in locating these deeds or having to try to re-create your title to prove your ownership if they are lost or have been inadvertently destroyed.
- Once title is registered it will clearly set out all the rights which benefit and affect your property.
- You will have a registered title plan of the property clearly showing the extent of the land you own.
- A registered title will provide clear evidence that you own the property and you have a state backed guarantee protecting the title.
- A registered title will assist in protecting you against any claims against your property by a third party claiming to own the property and the possibility of losing all or part of the property by their adverse possession.
- A reduced Land Registry fee would be payable. If you choose to voluntarily register your property the Land Registry will offer a reduction in their usual fee, this is usually a reduction of around 25%/30% of their usual fee. The Land Registry fee is based on the value of the property at the time the registration takes place.
Registration of your property at the Land Registry is also a good way to iron out any discrepancies or issues which may arise from the unregistered title deeds, you will then have the knowledge and reassurance that all documentation is correct, up to date, valid and should not give cause to any unnecessary delay and expense when your property is dealt with in the future.
Please note, the rules for registration are different if you were to re-mortgage or change ownership or other such “trigger” event in relation to the property were to occur. In those circumstances it is a legal requirement for the property to be registered and it would not be classed as a voluntary registration.
First Registration of your property at the Land Registry would be beneficial, not only would you have peace of mind that you have sorted everything for the Executors of your estate, there are many other benefits which come with registration at the Land Registry too.
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