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Mortgage on unregistered property
debrajean
Posts: 7
Forumite
Hi, I've been told that you can't get a mortgage on a property that isn't registered with the Land Registry. Does anyone know if this is correct please? Thanks
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Comments
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Yes. Registration would have to take place during the conveyance. Lender would insist on it.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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So you should be able to get a mortgage and what kingstreet is referring to is that in doing so it will trigger first registration of the property.
Whilst the vast majority of residential properties are registered a number remain unregistered but if you own the property already then it is simply a case of proving ownership via the deeds and then applying for registration once the mortgage is granted.“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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