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HM Land Registry is a government department that manages the largest property register in the world, and holds in the region of 18 million properties throughout England and Wales.
Here we take a closer look at the HM Land Registry and the role it plays and the responsibilities it has, and offer details and further information of the Mortgage help we can provide.
Table of Contents:
To recap then, HM Land Registry (Her Majesty's Land Registry) is a government department that maintains the worlds largest register of property (at the time of writing, in the region of some 18 million properties throughout England and Wales!).
HM Land Registry is charged with the responsibility of:
In addition to the information HM Land Registry holds about properties registered with it, it also maintains details of legal actions against the proprietor such as Bankruptcy, Writs, Cautions and Restrictions.
The Land Registry maintains details of the following legal actions against the proprietors:
Most of us will rarely encounter direct dealings with HM Land Registry. It's one of those areas we leave to our legal representatives. However, it may be useful just to examine a few of the terms and processes that are involved with property registration. So here we go:
The Land Registry levies a charge for registering the new owners names against the property they are purchasing. The fees vary from £40 on properties valued up to £40,000 to £800 on properties worth over £1 million.
The Land Registry allocates a unique reference number to each plot of registered land, and this is known as the Title Number.
The Land Registry operates an online computerised search facility that your solicitor will use to search the Land Register on the property you are purchasing. The Land Register is open to any user paying a fee to obtain details of any registered property.
The Register of Title consists of:
These individual registers will contain details of the property, ownership and information relating to charges that may be registered against the property.
The Land Certificate (also known as the Charge Certificate) was the official document used by HM Land Registry prior to the Land Registration Act 2002. The document is no longer required, and no longer has any legal status.
The Title Information Document replaced the Land Charge Certificate, and has been operated since 2002. The document contains the Title Number, property description and details of the registered proprietors.
That's usually the domain of your solicitor who will be obliged to confirm to the lender that the property you wish to purchase has good title and will be free from encumbrances once you have taken-up ownership. If you haven't already organised your legal representative we will of course be happy to arrange that for you!
Naturally, our professionally qualified Mortgage Advisors are available to discuss and explain the legal procedures, and if you don't have a Solicitor to act for you, we can even arrange that on your behalf.
Advice and service always come first with us. We take pride in providing a personal service tailored to your individual requirements. You'll find our mortgage advisors to be both friendly and helpful, and we will of course carefully assess your circumstances, needs, requirements and aspirations, so that we can come up with the most appropriate solution for you.
So, please don't hesitate to Contact Us if you would like to discuss your requirements, obviously without obligation! Our mortgage experts are available up until 10pm every day, including weekends, on our Freephone line 08000 282 281, or alternatively you can enquire online, and we'll be delighted to provide you with a rapid in-principle decision, whatever your circumstances!
So, we hope we've enlightened you on HM Land Registry and its purpose. Don't forget, there is plenty more mortgage related information across the pages of our website, so why not put a few moments aside to investigate the possibilities that may be open to you, and if you feel we can be of assistance in any way, please do get in touch, we'd love to hear from you!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
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