Worcestershire homeowners should register properties to avoid issues. Lost deeds can cause delays and increased expenses when selling.
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Missing deeds create delays and add expenses. Pearce saw this happen recently when some sellers in Wyre Forest lost deeds, making selling quite stressful.
Insufficient ownership proof causes problems. The Land Registry then uses possessory title, and buyers might ask for a lower price or challenge this type of title.
Registering has benefits because deeds become more secure and registered land simplifies transactions. Selling or remortgaging becomes easier, and the Land Registry holds key information.
Unregistered land faces a higher fraud risk, but registration gives owners protection. The Land Registry notifies owners of claims, allowing owners to raise an objection.
Keeping all home paperwork matters; it is “absolutely key”, Pearce said. This avoids delays down the road and reduces stress, costs, and confusion.