Warning of ‘considerable disruption’ to housing market over Land Registry reforms

Conveyancers have issued their strongest warning yet that there could be “considerable disruption” to the property market if reforms to the Land Registry go ahead.

The Government is proposing that the Local Land Charges register currently operated by local councils should be centralised in a hand-over to the Land Registry.

The Society of Licensed Conveyancers says that disruption would be inevitable during any centralisation process – and says this is just one issue that has not been adequately considered.

The consultation on the proposed Land Registry changes also suggests that only data less than 15 years old will be centralised.

Simon Law, chairman of the SLC, said: “This would mean that a vast amount of significant information would not routinely be available to lawyers.

“This includes whether a property is listed, or listed in a conservation area, or has an enforcement notice against it.

“Simply, if the Land Registry were to centralise data on this basis, lawyers would have to go to other sources to obtain the information. This could slow down the conveyancing process and add cost for consumers.”

He said that conveyancers are also finding it difficult to understand why the Land Registry is so keen to take over the Local Land Charges register, when the current operation works perfectly well.

He said: “There has already been speculation that this is just a stepping stone to selling off the Land Registry. Concerns have arisen that this is just a way to fatten up the Land Registry to maximise the proceeds to the Exchequer in the event of a sale.

“Such a move could be detrimental to home buyers, involve greatly increased costs and is not in the public interest.”

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One Comment

  1. allsorts

    For all the latest on the #savelandreg campaign please see http://www.savethelandregistry.co.uk and do join in the debate on Facebook
    https://www.facebook.com/savethelandregistry and here is the petition to sign and share with colleagues, friends and family.

    The proposed plans are not only bad for the homebuyer, because if implemented, could damage the integrity of the register, but will also have detrimental impacts on small conveyancing firms.

    Even the former Chief Land Registrar John Manthorpe is against the plans saying the function of the Land Registry is not an activity that any responsible government can pass to the private sector! http://www.savethelandregistry.co.uk/#!John-Manthorpe-Former-Chief-Land-Registrar-letter-to-the-Guardian/c16u/C37C6938-37E6-440D-98E8-084DC343210E

    All parties concerned, CoPSA, IPSA, PCS Union and High Street Law firms, are currently waiting to hear the response from the Department
    for Business Innovation & Skills on the consultation (*sham) which was expected early May. Everyone's concern is that it will sneakily appear in the Queens Speech early June.

    *http://www.theguardian.com/politics/2014/may/05/land-registry-privatisation-plans-revealed

    There are campaign postcards and leaflets available to order from highstreetlawyer.com

    Report
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