There are two systems of recording ownership of land in England and Wales; registered and unregistered. Whether your land is registered or unregistered can have a major impact, and not only when you come to sell.
Holly Stevens, Head of Residential Property with Ware & Kay in York, considers the implications.
Registered land, an overview
The Land Registry keeps a register of all registered land, which is indexed on a map. This register contains information on approximately 24 million properties.
Within this overall register, the Land Registry allocates properties their own unique number and individual register. Each individual register includes three sections:
the ‘proprietor register’, which contains ownership information;
the ‘property register’, which contains a description of the property, linked to a map; and
the ‘charges register’, which contains details of any mortgages or charges…