Selling part of our land - Land Registry

KarinHerts

Hi,


Question for land registry please.


We are considering selling part of our land to a new neighbour. The dilemma is that our house is up for sale and we would not wish to compromise a prospective sale with an incorrect record at Land Registry.


What is the process, please, to ensure - that if we sell part of our land, our house land registration would be complete and in place for a house sale.


Also - once started, what would be the timescales to have all in place
for a prospective buyer?


Thank you, and appreciate your help.

martindow

I think you need to decide what you want to do. Why are you worrying about arranging for a neighbour to extend their garden if you are selling up?


You are going to have problems selling the house with uncertainty over time-scales and the size of the garden and it is not fair on buyers to be marketing it now. If you want to split the plot you need to do this first and then put the house up for sale.

SmashedAvacado

A sale of part of the garden will require the lender to release the mortgage over that part. they will likely want a valuation in order to be happy that the value of the property is not diminished. That will probably be the thing that slows this down. the sale itself could happen in the time it takes to get an accurate plan drawn up and a simple document drafted. - a couple of days.

You would need to disclose to any buyer unless it is concluded and registered before the legal element of the sale process commences

you should stake out the area of the garden and get a surveyor to draw a LR compliant plan. The stakes will show your buyers the bit of the garden they are not getting

Land_Registry

Our online guidance explains how to transfer the ownership - the part of the garden would be transferred using form TP1

If you are going to do this before you sell the house and remaining land then as others have posted you will need to discuss with any lender and make it clear what is being sold/retained re fencing for example

We have a backlog of this type of work currently and the average timescale would be several weeks before it was registered. That timescale can be shortened if for example you have a combined buyer of the house/land. The TP1 could be expedited in such circumstances and the wait time reduced to just a few weeks.

If it's up for sale and no confirmed buyer we would not expedite the process

polojo

Hi
When probate is completed, which is any day now, I would like to sell one of my fields. It wont be on a morgage, I wll have outright ownership. How do I go about itonce I have got a potential buyer?

Slithery

@polojo
Please start your own thread, this one is 2 years old and your question has little to do with the OP.

greatcrested

polojo said:

Hi
When probate is completed, which is any day now, I would like to sell one of my fields. It wont be on a morgage, I wll have outright ownership. How do I go about itonce I have got a potential buyer?

How does this help the OP's problem?