When is an urn an urn and could it really become a listed building?
Posted by: Westcor International
Listed Building Liabilities
What are the hidden risks for lenders post purchase?
Posted by: Westcor International
Whilst all land in England and Wales is required to be registered at HMLR, following any significant change in title, only around 85% of all land in England and Wales actually is.
Risky business
Posted by: Westcor International
The recent case of a fraudulent transfer of 1.2 million (GBP) using the identity of a Kensington homeowner provides a salient reminder of the risk of fraud in lending. As the body that registers land and property in England and Wales, the Land Registry plays an important role in property transactions and preventing fraud. Part of this role is to check that the person registering a title is the true owner. Lenders heavily rely on this information when deciding whether to accept a mortgage application.
Land Registry privatisation comes with risks
Posted by: Westcor International
The government's announcement in the Autumn Statement that it would be consulting on the privatisation of the Land Registry has raised concerns regarding the potential for fraud and manipulation of the data currently held at the Registry.
Property fraud claims increasing
Posted by: Westcor International
Despite efforts to combat fraud in property transactions, nearly 10 million pounds worth of compensation claims were received by the Land Registry last year.
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