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Timescale for Land Registry to remove Restriction?
ian1246
Posts: 367 Forumite
Hey Guys.
Just a quick query - how long is it taking now for the Land Registry to remove a restriction on a property? I ask since we were hoping to exchange and complete within the next couple of weeks, only to discover that our buyer is not yet in a position to do so due to a restriction on her property which she is selling.
From downloading the title for our buyers property:
The restriction in question: "RESTRICTION: No disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises is to be registered unless authorised by an order of the court"
From what I can tell, this is a standard restriction for properties purchased via Tenants in Common - how long does it normally take the Land Registry to remove this restriction?
Our Solicitors have informed us that this has been going on for a while now - so I am a little concerned that things are more complicated than we perhaps realise? (The title has 2 individuals named on the document as proprietors, but our purchaser is just one of them - so we aren't sure what has happened to the other, which we are presuming is her husband given the same surname on the title).
Just a quick query - how long is it taking now for the Land Registry to remove a restriction on a property? I ask since we were hoping to exchange and complete within the next couple of weeks, only to discover that our buyer is not yet in a position to do so due to a restriction on her property which she is selling.
From downloading the title for our buyers property:
The restriction in question: "RESTRICTION: No disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises is to be registered unless authorised by an order of the court"
From what I can tell, this is a standard restriction for properties purchased via Tenants in Common - how long does it normally take the Land Registry to remove this restriction?
Our Solicitors have informed us that this has been going on for a while now - so I am a little concerned that things are more complicated than we perhaps realise? (The title has 2 individuals named on the document as proprietors, but our purchaser is just one of them - so we aren't sure what has happened to the other, which we are presuming is her husband given the same surname on the title).
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Comments
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5/6 weeks wait between receipt and consideration. If there’s a confirmed sale/purchase then ask the conveyancer to request expedition after they’ve lodged it. That can reduce the wait time to 2 weeks or less.ian1246 said:Hey Guys.
Just a quick query - how long is it taking now for the Land Registry to remove a restriction on a property? I ask since we were hoping to exchange and complete within the next couple of weeks, only to discover that our buyer is not yet in a position to do so due to a restriction on her property which she is selling.
From downloading the title for our buyers property:
The restriction in question: "RESTRICTION: No disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises is to be registered unless authorised by an order of the court"
From what I can tell, this is a standard restriction for properties purchased via Tenants in Common - how long does it normally take the Land Registry to remove this restriction?
Our Solicitors have informed us that this has been going on for a while now - so I am a little concerned that things are more complicated than we perhaps realise? (The title has 2 individuals named on the document as proprietors, but our purchaser is just one of them - so we aren't sure what has happened to the other, which we are presuming is her husband given the same surname on the title).Everything still hinges on the application being in order though“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 -
Thanks for the reply - much appreciated. I will speak to our solicitors to see if they can push for her solicitors to expedient matters.0
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