Voluntary First Registration
Until a property or land is sold, mortgaged or dealt with in a way which triggers compulsory registration, then it will not be registered. Over the years, this has meant that most properties have been registered but according to the Land Registry, around 15% of land in England and Wales remains unregistered at the Land Registry.
There are significant advantages in registering your property and land now, not least the fact that the Land Registry fees for voluntarily registering your property are significantly lower than the fees that are incurred when you have to register (like on a sale for example).
Voluntary registration also has other advantages aside from cost, in that it:
- Helps put your estate in good order for the benefit of future generations
- Provides an opportunity for any anomalies that might need to be sorted out with the title that would have remained undiscovered without the title investigation
- Saves time and reduces costs on subsequent dealings with the property
- Offers a title guaranteed by the Land Registry and an accurate plan of the extent of ownership is created so you know what you own
- Provides better protection against claims of adverse possession or 'squatters' rights'
Reduces the amount of paperwork that needs to be retained, and reduces the risk of deeds being lost as they are obtainable in electronic form from the Land Registry.
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- Voluntary First Registration
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