Can you complete sale with pending Land Registry title registration?

Land_Registry

user1977 said:

Land_Registry said:

It’s all about risk and how each affected party views that. Sub sales happen all the time but it’s the risk assessment that decides when completion can’t happen 
For example a developer and housing association will often have a trusted relationship in place including their conveyancers. There’s no HA mortgage lender usually so the risks are small. 

The first private buyer will view that trusted arrangement and risk and their mortgage lender won’t see a huge risk as it’s a HA sale and special considerations mean that risk is still small. Sub sale can complete.
Finally you have your sub sale but it’s a private sale, a private mortgage and your mortgage product/lender has a higher risk profile. It’s rare that a conveyancer would say no due to workload/complexity. Far more likely that your lender says no as the mortgage profile won’t say yes until that risk level is also reduced to small - to do that you’d need the prior applications expedited but I imagine you’ve already done that and if you can get the HA registration and/or your seller’s over the line then the No May turn to a Yes re your own completion 

This scenario isn't what most people would call a "sub-sale" though (i.e. one where the transaction in the middle isn't being submitted to the registers at all), merely one where the registration happens to be still ongoing at the time of the next sale. I'm not aware of any lenders having difficulties with this (assuming we're beyond the six month period since the last sale within which they generally would have an issue). 

If it helps with terminology then let’s refer to them as sub-dispositions instead. 

As for mortgage lenders, the variety of products offered and where the risk profiles sit I can only go by own experiences. If there’s a ‘No’ re completion in such cases it can often be the lender’s interest that has that final say - will be interesting to see what OP advises in this specific scenario re what the conveyancer has confirmed