Land Registry Values

Transcription

1 Land Registry Values

2 Land Registry

3 Land Registry in Numbers

4 Our targets are to complete: Speed of Service

5 Recruitment

6 Requisitions over 6 months In 6 months 300,000 requisitions raised 500,000 individual requisition points Over 4,000 requisition points raised every working day 1 in 5 applications result in a requisition

7 Types of Requisitions 20% Consents and certificates required by restrictions 13% Discharge related 11% Discrepancy in names, not accounting for registered owners, variations between documents lodged 6% Execution of Deeds 3% Confirmation of identity

8 Avoidable Requisitions Avoidable if it s clear from Land Registry forms, the register, practice guidance (e.g. practice guides) and Land Registration Rules 2003 what is needed we have given a reminder before lodgement (e.g. on Official Search result) or when rejecting an application the law is well established, e.g. how a deed should be executed or that the extension of the term of a lease takes effect as a surrender and re-grant it is a matter that a diligent conveyancer would have been expected to satisfy themselves prior to completing the transaction. For more information please see: Land Registry requisitions Practice Guide 50 Requisition and cancellation procedures

9 Unavoidable Requisitions Unavoidable if it s not obviously a requirement stated in our forms or practice guidance the point is unusual, obscure or something which could not have been reasonably anticipated by the customer required at the Registrar s discretion under rule 17, Land Registration Rules For more information please see: Land Registry requisitions Practice Guide 50 Requisition and cancellation procedures

10 Requisitions We cannot complete a registration if the evidence you lodge does not satisfy the requirements of the restriction. We will requisition for further evidence if we need it. For example, does a restriction specifically require a consent? If it does, we cannot act on a conveyancer s certificate Practice Guide 19 Notices, restrictions and protection of third party interests. Practice Guide 19A Restrictions and leasehold properties.

11 Discharges If you are acting for an owner redeeming a charge, you must: Get a redemption statement that is as definitive as possible. Warn them about any further borrowing on the mortgage, which may cause a delay in the lender issuing the discharge. Practice Guide 31: Discharges of charges

12 Variations in names A disposal of the legal estate must be made by all the registered proprietors. Avoid problems by: checking the name carefully. If a person s name in a deed is different from that in the register, you need to account for that change, even if that person is coming off the register providing evidence to account for any discrepancies and confirm the correct name to be entered in the register

13 Execution of Deeds Avoid common problems with executing deeds by checking: each party s signature has been witnessed, and that the witness details have been included you are using the correct form of execution for the person or organisation involved Avoid the two main types of errors with powers of attorney by enclosing: a copy of a power confirmation of identity for an attorney, as well as the donor of the power when this is required Practice Guide 8 Execution of deeds

14 Confirmation of Identity We have to reject applications that are lodged without a required confirmation of identity. deed poll a statement of truth or statutory declaration When including ID for attorneys, enclosing a copy of power with an application is not sufficient by itself. We also require confirmation of identity to be provided for the attorney Practice Guide 67 Evidence of identity: conveyancers

15 Portal

16 Application List View

17 Title Deeds

18 MapSearch

19 e-drs

20 e-despatch

21 Notifications

22 Data Quality The quality of register data is important to: - Land Registry integrity of the Register - Registration customers certainty and assurance - Data customers accuracy of data Poor quality data leads to: - Inefficient practice - Customer dissatisfaction - Indemnity risk - Reputational damage

23 Example Company Name Variations COMPANY NAME COMPANY # D A PHILIPS & CO LIMITED D A PHILIPS & CO. LIMITED D A PHILIPS & COMPANY LIMITED D A PHILLIPS & CO LIMITED D A PHILLIPS & CO LTD D A PHILLIPS & CO. LIMITED D A PHILLIPS & COMPANY LIMITED D A PHILLIPS AND CO LIMITED D A PHILLIPS AND CO LTD D A PHILLIPS AND CO. LIMITED D A PHILLIPS AND CO. LTD D A PHILLIPS AND COMPANY LIMITED D A PHILLIPS CO LTD D A PHILLIPS LIMITED D. A. PHILLIPS & CO LIMITED D. A. PHILLIPS & CO LTD D. A. PHILLIPS & CO. LIMITED D. A. PHILLIPS & CO. LTD D. A. PHILLIPS & COMPANY LIMITED D. A. PHILLIPS AND CO LIMITED

24 Data Data Data channels Quality of register data Free data publications Chargeable data publications Variations in names Execution of deeds

25 Property Alert

26 Local Land Charges

27 Introduction to Local Land Charges

28 Scale of Change

29 Measuring Success

30 Data Types 26 Million LLC records held in paper, digital and a combination of the two across 326 English Local Authorities

31 Timeline

32 Our Focus

33 The LLC Register

34 Customer Research Building the register with our users User research User stories Users informing the build of the register Informing approach to pricing Assisted digital

35 Customer User Research user research meetings user stories residential conveyancers / solicitors commercial conveyancers / solicitors single, digital register