land registry update

jo03gra

Hi All

We're about ready to exchange on a property being sold by a part x company. They have obviously bought this property from previous owner and now selling it on to us.

We've just been informed by our solicitor that we cannot exchange because the land registry isn't updated showing the current owner.

The chain is ready to complete and we were expecting to exchange this coming Friday with view to completion on 24th.

Anybody any idea how long it takes for the land registry to update? I have no idea when this part x company purchased the house from the previous owner, only that it was being marketed since April.

Thank you

Tiglet2

It obviously depends on what the issue is. Without knowing what is holding up the registration, we cannot advise how long it will take. What I can tell you is that you won't be exchanging or completing until it has been sorted out.

jennhg88

LR can usually expedite requests like that, your solicitor should get in contact with them directly.

jo03gra

not sure what the issue is other than the property was recently purchased by the part x company and so possibly that completion didn't happen very long ago. I'm not sure how these things work to be honest, or how long it usually takes to update land register once a completion has happened.

Thanks

Land_Registry

If it's a straightforward purchase of an already registered title then the average processing time is 9 working days at the moment.

Delays tend to occur on other types of application such as plot sales where the property is being removed from a much larger developer title for example.

However if it was the make weigh in a part x I would imagine that the seller was buying the new build and the part x company got the single registered property mentioned in the first example

Do you know the title number involved? If you do and are happy to share then we can take a look and see if anything is in against it yet?

jo03gra

Hi Thank you
My husband checked it earlier and the solicitor also said that the land registry has raised a query with the sellers solicitor.

Not sure what that might be.

All we are aware of is the previous owner part x'd her house for a new build and that company are selling to me.
Considering this company initially said they would only accept our 'full asking price' offer if we could complete in 4 weeks makes me wonder what is going on now?!

My buyer is ready and their buyer is ready and i'm ready to exchange and complete ASAP, this is the only thing holding up the chain.

Any ideas what LR would query?

Thanks

G_M

jo03gra wrote: »

Any ideas what LR would query?

Thanks

The Land Registry Rep asked you this morning

Do you know the title number involved? If you do and are happy to share then we can take a look and see if anything is in against it yet?

Too late now as they'll have gone home for the weekend.........

jo03gra

I missed the message, busy packing boxes.

MAN194964

would appreciate any information

Thanks

Land_Registry

jo03gra wrote: »

I missed the message, busy packing boxes.

MAN194964

would appreciate any information

Thanks

We can't go into specific details on a public forum but there are a few matters to be resolved by the solicitor, one of which relies on a third party so I suspect that's why there is a delay.

jo03gra

Thank you for your reply.

Let us hope what ever it is, it is resolved quickly as I have buyers waiting to exchange ASAP due to work commitments.

Is this something you could private message me regarding? Thanks again

Land_Registry

jo03gra wrote: »

Thank you for your reply.

Let us hope what ever it is, it is resolved quickly as I have buyers waiting to exchange ASAP due to work commitments.

Is this something you could private message me regarding? Thanks again

I'm afraid not - you would need to contact the solicitor involved who submitted the application to get the specific details. They will be assisting in managing the sale/purchase as appropriate so would need to be the ones to divulge any specific details relevant to their application.