 Printable version
|
 E-mail this to a friend
|
New triggers bring comprehensive land register nearer to completion
Two new triggers
will help Land Registry to achieve its strategic objective to
create a comprehensive land register when they come into force
next year. The new triggers are:
* the appointment of a new
trustee of unregistered land held in trust where the land vests in
the new trustee by deed or by a vesting order under section 44 of
the Trustee Act 1925
* the partitioning of unregistered land
held in trust amongst the beneficiaries of the trust.
The Land Registration Act 2002 (Amendment) Order 2008, which adds these events to the number of triggers for compulsory first registration of title, is laid in Parliament today, Monday 10 November and comes into force on 6 April 2009.
The creation of a comprehensive land register is of primary importance to Land Registry because registered land has the best possible legal protection. Online access to title information also makes buying and selling easier for everyone concerned.
Currently 67 per cent of the land in England and Wales is registered with approximately 22 million registered titles, of which over 17 million are freehold.
Further information about the new triggers can be obtained at http://www.landregistry.gov.uk or by emailing comprehensive.register@landregistry.gsi.gov.uk
Notes to editors
1. The Order has been made following a favourable response to the consultation on new triggers run by Land Registry from 19 November 2007 until 29 February 2008 (see press notice 26/07 dated 12 November 2007). The consultation report is available by following the 'consultations' link on http://www.landregistry.gov.uk
2. With the largest transactional database of its kind detailing over 22 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.
3. As a government department established in 1862, executive agency and trading fund responsible to the Secretary of State for Justice and Lord Chancellor, Land Registry keeps and maintains the Land Register for England and Wales. The Land Register has been an open document since 1990.
4. For further information about Land Registry visit http://www.landregistry.gov.uk
Contacts
Press Office 020 7166 4215
Land Registry
Head Office
Lincoln's Inn
Fields
London WC2A 3PH
http://www.landregistry.gov.uk
