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Land Registry - how do I prevent the price being publicly available
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Well, the Land Registry Price Index doesn't include repos and auctions, that's one of the reasons it's showing smaller falls. Whether that's because they don't record them in the same way, I don't know, but it suggests there's something to it.Hurrah, now I have more thankings than postings, cheers everyone!0
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Well, the Land Registry Price Index doesn't include repos and auctions, that's one of the reasons it's showing smaller falls. Whether that's because they don't record them in the same way, I don't know, but it suggests there's something to it.
Are you sure about that - I thought they did?0 -
Excluded from land registry HPI
- all commercial transactions
- transfers, conveyances, assignments or leases at a premium with nominal rent which are:
‘right to buy’ sales at a discount
subject to a lease
subject to an existing mortgage
to effect the sale of a share in a property
by way of a gift
by way of exchange
under a compulsory purchase order
under a court order
to Trustees
vesting deeds
transmissions or assents of more than one property
leases for seven years or less
Repossessions would be under a court order, I imagine.Hurrah, now I have more thankings than postings, cheers everyone!0 -
Surely not.
When the property is repossessed, that is a court order.
But when the repossessed property is sold on, that's a normal transaction and should surely be reported?0 -
Repos are under a court order, in that the authority to possess and sell comes from the court....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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I know of purchases through auctions for Repossessions that do appear on the land registry.I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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MarkyMarkD wrote: »Surely not.
When the property is repossessed, that is a court order.
But when the repossessed property is sold on, that's a normal transaction and should surely be reported?
I had this conversation with a guy on fool.co.uk and he ended up emailing the LR who confirmed that the resale part of a repo is not included in their HPI.
I think the price still goes onto the register however.0 -
I had this conversation with a guy on fool.co.uk and he ended up emailing the LR who confirmed that the resale part of a repo is not included in their HPI.
I think the price still goes onto the register however.
Currently, that must be excluding rather a high proportion of sales.No reliance should be placed on the above! Absolutely none, do you hear?0 -
I had this conversation with a guy on fool.co.uk and he ended up emailing the LR who confirmed that the resale part of a repo is not included in their HPI.
I think the price still goes onto the register however.
Interesting. I recall a similar exchange a while ago on this subject and thought the conclusion was they were included but you may be right about them being on the register but not included in the index.0
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