Remember to watch your assets!
For most people, their property is their most valuable asset. But, despite this, title to approximately 15% of all land in England & Wales is still unregistered.
Land Registration is particularly important in rural farming communities, where land and property equates to livelihood.
So why should you register your land?
There is no better way to safeguard ownership of land and property than by registering your title with the Land Registry. This state-backed registration gives security of title, providing you with better protection against claims to adverse possession.
Registration will help you manage your land as efficiently as possible. Registration produces an easy-to-read document reflecting the contents of all the paper title deeds. All title information is kept on Land Registry’s database, together with a clear and up to date plan. The register can be viewed quickly and securely online, and reduces the need to rely on old and often unclear deeds.
Registration gives you greater certainty and security about what you own and helps put your estate in good order for the benefit of future generations. This is particularly important where land has been passed down through the family and the older members have valuable knowledge and information that needs to be preserved.
Once registered, you’re in an ideal position if you decide to sell all or some of your property. Potential buyers increasingly expect land to be registered before buying. It simplifies conveyancing, making transactions easier and potentially less costly for all involved. If you have gaps in your title, and or if your deeds have been lost or stolen, don’t worry: we can still help you to register your property.
The Land Registry is offering reduced fees for all first time voluntary registration applicants with a discount of up to 25%. As an NFU farmer and grower you are also entitled to a 12.5% discount on our fees, saving you further money.
If you have any queries about land Registration, or would like to meet with a member of our Land Registration Team for a free 30 minute consultation, please ask for Rachel Phillips or Anna Mottram on 01270 611106.
This article is not intended to be comprehensive or to provide specific legal advice. It should not be relied upon in the absence of specific advice given in relation to particular circumstances. © Bowcock Cuerden LLP 2017