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Voluntary land registration - 04 Mar 2009
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Why should you voluntarily register your land holdings?
It is no secret that the Land Registry has been actively promoting the many benefits of voluntary registration over the last few years in order to move close to the ultimate goal of having a registered title for every property in the Country.
Despite the progress that has been made over the last 3 or 4 years, even now only about 65% of the land in England and Wales has been registered.
At Paul Finn Solicitors we feel that part of our professional advice to our clients should be that, when it comes to protecting what is for the majority of us our most valuable asset, having the legal title to the property registered at the Land Registry is very important.
The benefits of voluntary registration are clear.
BENEFITS OF REGISTRATION FOR CLIENTS:-
1. Protection
State-backed registration gives greater security of title providing better protection against claims of adverse possession by third parties.
2. Improved efficiency
The Register can be viewed quickly and securely on-line by the client.
3. Improved Asset Management
Registration consolidates complex legal information or historic data about land holdings. This is particularly important for those with agricultural holdings.
4. Cost-Effectiveness
You, as the client, can benefit from the current 25% discount on the usual Land Registry fee while making sure your land is registered ahead of any future transaction or changes in ownership.
5. Can save time and resource
Voluntary registration makes property transactions faster, easier and more straightforward.
6. It will make it easier for you to prove exactly what you own, which can be especially important for large portfolios of land and for clients who wish to sell on land.
7. Finally, it eliminates the risk of lost Deeds and reduces the risk of encroachment by third parties.
Paul Finn Solicitors will help you with the voluntary registration of your title. Please contact one of our conveyancing team, namely Michael E Brown, Simon Finn and Christopher Frost on 01288 356256 and they can give you an idea as to costings and Land Registry fee.
Christopher Frost
Conveyancing Executive, Paul Finn Solicitors
Tel: 01288 356 256
Email: FrostC@FinnLaw.co.uk
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