Nearly 10% of land in England and Wales remains unregistered at HM Land Registry, often because the owner purchased it long ago or inherited it. While this may not affect your daily life, it could disadvantage you in the future if you want to sell or re-mortgage. Here are seven key reasons to register your property.
1. Easier Proof of Ownership
Registered property simplifies ownership verification. Prospective buyers can easily obtain proof of ownership from HM Land Registry. In contrast, unregistered property requires providing a chain of title deeds, which is riskier, as deeds may be lost or destroyed. Registration ensures ownership is stored electronically, making access easy.
2. Simpler and Quicker Title Investigation
Registered properties have their ownership details clearly outlined by HM Land Registry, making it easy to confirm property…