Thu 02 Sep 2021
With most land being farmed within the same family for decades (if not centuries) you may have never asked yourself whether your land is correctly registered with Land Registry, however, if it is not, it can carry risks that will not only cost you time but money as well.
All registered land is recorded by the Land Registry throughout England and Wales with more than 85 per cent of land being registered. You should register your land because it provides a clear record of ownership and minimizes the threat of potential legal disputes, if your land is not registered the risks associated include:
- Potential for someone to claim the possessory title - the cost of defending or challenging a possession title claim is now a minimum of £25,000 if it goes to court.
- Higher risk of boundary disputes.
- Risk of fraud – it makes it far easier for fraudsters to assume your identity.
- Delay and complicate the process of selling your property, in turn costing you more.