Land Registry questions

Land_Registry

efraser14523 said:

Hello, I’m currently in the process of purchasing a property (CH663928) and there is an issue with the registry to do with adding/removing a remortgage charge. I believe the solicitor has asked for this to be expedited but I’m very worried it’s going to take ages and I’ll lose my buyer. Any help much appreciated.

Application lodged 16th February. The solicitor has requested expedition so generally speaking it should be considered in the coming week. Everything then hinges on it being in order 

Land_Registry

user2906 said:

Hi, I am currently in the process of having my name taken off a mortgage with my friend and applying for a mortgage and purchasing a property with my partner. The transfer deeds have been sent to the lender for them to sign prior to them being sent to the land registry to remove my name from the titles.
Would I need to wait for land registry to update the title to remove my name before I can complete on the house I am purchasing? Or will confirmation from the lender that my name has been removed from the mortgage be sufficient? Everyone in the chain is just waiting for us to confirm a completion date but we are unable to until I know my name has been removed! 
Thanks in advance

One for your conveyancer/lender rather than us. We register the outcome and can’t advise on the timings for exchange/completion for example 

efraser14523

Land_Registry said:

efraser14523 said:

Hello, I’m currently in the process of purchasing a property (CH663928) and there is an issue with the registry to do with adding/removing a remortgage charge. I believe the solicitor has asked for this to be expedited but I’m very worried it’s going to take ages and I’ll lose my buyer. Any help much appreciated.

Application lodged 16th February. The solicitor has requested expedition so generally speaking it should be considered in the coming week. Everything then hinges on it being in order 

Thanks very much! We are supposed to be exchanging Friday at the latest so I have everything crossed it comes back by Thursday!

AmiNicoleKnight

Hi,
I am currently selling a shared ownership property and buying another shared ownership. 

The buyers solicitors have been very very fussy so far, they have raised over 60 enquiries. We are now at a stand still as although the my Leasehold is registered on Land Registry and the Housing associations Freehold is registered, the buyers solicitors are now not willing to complete due to this: ' although both the leasehold title, and the freehold title are in order - the leasehold interest is not registered upon the freeholds section C charges'.
my solicitor is stating that this is completely unnecessary from the buyers point of view and have offered an indemnity policy to the buyer but they have rejected it. 

There are 6 properties ahead of mine in the queue to do this on the land registry and my solicitor said expediting and skipping ahead of the others isn’t possible. 

Keep in mind the property I am purchasing is on the same estate and are 1 head of me in the queue to be added to this register too….. yet we are ready to exchange and complete without this?

Are my buyers solicitors being unreasonable? Is there a legal reason they won’t proceed to exchange/completion without this? Why would they reject an indemnity policy when all buyers/sellers in the chain are ready and wanting to exchange/complete? 

Any advice if this has happened to anyone else and how it was resolved? 

Thanks

silvercar

“ There are 6 properties ahead of mine in the queue to do this on the land registry and my solicitor said expediting and skipping ahead of the others isn’t possible. ”

Skipping ahead isn’t possible, but LR would look at cases ahead of your if yours was expedited.

Land_Registry

AmiNicoleKnight said:

Are my buyers solicitors being unreasonable? Is there a legal reason they won’t proceed to exchange/completion without this? Why would they reject an indemnity policy when all buyers/sellers in the chain are ready and wanting to exchange/complete? 

Any advice if this has happened to anyone else and how it was resolved? 

Probably not but could be more the buyer’s lender is the one saying no based on the mortgage product being used. Not heard of an indemnity policy solving this type of issue. 

Expedition is possible but ‘skipping ahead’ isn’t. Expedition can hasten the earlier ones too so always request it. If you don’t then it could be a very long wait 
https://www.gov.uk/guidance/request-an-expedite

Land_Registry

efraser14523 said:

Land_Registry said:

efraser14523 said:

Hello, I’m currently in the process of purchasing a property (CH663928) and there is an issue with the registry to do with adding/removing a remortgage charge. I believe the solicitor has asked for this to be expedited but I’m very worried it’s going to take ages and I’ll lose my buyer. Any help much appreciated.

Application lodged 16th February. The solicitor has requested expedition so generally speaking it should be considered in the coming week. Everything then hinges on it being in order 

Thanks very much! We are supposed to be exchanging Friday at the latest so I have everything crossed it comes back by Thursday!

It’s been completed so you should be able to continue as you hoped from here 

efraser14523

Land_Registry said:

efraser14523 said:

Land_Registry said:

efraser14523 said:

Hello, I’m currently in the process of purchasing a property (CH663928) and there is an issue with the registry to do with adding/removing a remortgage charge. I believe the solicitor has asked for this to be expedited but I’m very worried it’s going to take ages and I’ll lose my buyer. Any help much appreciated.

Application lodged 16th February. The solicitor has requested expedition so generally speaking it should be considered in the coming week. Everything then hinges on it being in order 

Thanks very much! We are supposed to be exchanging Friday at the latest so I have everything crossed it comes back by Thursday!

It’s been completed so you should be able to continue as you hoped from here 

Thank you SO much that is amazing news!!

ibex100

My mother, sister and I owned shares in a property. My mother has recently died leaving her share to my sister. I understand that the Land Registry are not interested in the distribution of the beneficial interest and that a DJP form is all that is required to remove my mother from the title, leaving my sister and I. Is that correct?
The second part of the question is that my sister will then buy my share of the property. I understand that my sister and I will need to transfer the title to my sister only, using a TR1 form.
I am concerned that if the TR1 form is submitted before the DJP is processed, which I understand can take many weeks, this may create a problem as my mother will not be named as a transferor on the TR1 form, but may not yet have been removed from the title. Will we need to wait until the DJP is processed before we can submit the TR1? Thanks.

moneysaverhouse

Hi 

I’ve dropped a private message due to not having the deed number and needing to share address.

we are selling a new build (purchased dec 21) but it’s not showing on land registry yet. We are due to complete on 28/04

please help.