Property Lawyers unanimously reject plans for changes to Land Registry
Press Release: 17 March 2014
PROPERTY LAWYERS UNANIMOUSLY REJECT PLANS FOR CHANGES TO LAND REGISTRY
Property lawyers and conveyancers have no appetite for privatising the Land Registry or making changes to the 150 year old body as proposed by the Government, according to a survey by the Council of Property Search Organisations (CoPSO). The results showed a unanimous rejection of the proposals with 97% of the conveyancers polled saying privatising the registry was a bad thing.
Proposals to centralise Local Land Charges were also met with opposition with only 23% of respondents seeing this as a positive move. Further, when asked for their reaction to the proposal that under the new structure the Land Registry will only capture data that is less than 15 years old, nearly 97% of the respondents said this was unacceptable.
However, when asked if the Land Registry should become a depository for all Leasehold information more than 80% of the conveyancers agreed with this move.
James Sherwood-Rogers, chairman of CoPSO whose members carry out around 2 million searches a year, said: “In our view the Land Registry is deliberately misleading ministers and the public about the demand for the reforms.
“Their own research - and now ours - underlines that the key aspect of reform is leasehold title, but they refuse to acknowledge this, and instead are pretending there is a problem elsewhere when their patently is not.
“There is no support whatsoever for the reforms to the search and data activity, no evidence that this is a problem in the housing market and the changes proposed will cause widespread disruption and additional cost for consumers. Ministers need to explain why they are so intent on fixing a problem that does not exist rather than sorting out the problems that exist in respect of leasehold properties.”
CoPSO has written to Michael Fallon, the minister of State for Business and Energy, calling on him to scrap the consultation on centralisation of the Local Land Charges Register amid serious concerns that the changes will put listed homes at risk and destabilise the housing market.
Survey results
Q1) Are you aware that the Government is consulting on restructuring the Land Registry which could lead to it privatisation?
|
Answer choices |
Responses |
|
Yes |
79.55% |
|
No |
20.45% |
Q2) Do you believe privatising the Land Registry would be a good or bad thing?
|
Answer choices |
Responses |
|
Good Thing |
2.62% |
|
Bad Thing |
97.38% |
Q3) Are you aware that the Land Registry is proposing to centralise the Local Land Charges Register?
|
Answer choices |
Responses |
|
Yes |
76.03% |
|
No |
97.38% |
Q4) If it goes ahead the Land Registry is proposing that it will only capture data that is less than 15 years old. This would miss out over 90% if listed properties, those in conservation areas, tree preservation orders etc. Is this acceptable to you?
|
Answer choices |
Responses |
|
Yes |
3.40% |
|
No |
96.60% |
Q5) Are you in favour of the Land Registry centralising the Local Land Charges Register?
|
Answer choices |
Responses |
|
Yes |
23.46% |
|
No |
76.54% |
Q6) If there was a choice between the Land Registry centralising the Local Land Charges Register or becoming a depository for all Leasehold Title, which would you prefer they did?
|
Answer choices |
Responses |
|
Centralise LLCR |
18.78% |
|
Become a depository for leasehold information |
81.22% |
Further detail
The survey was circulated by CoPSO and Local Authorities to independent conveyancers– not to CoPSO members. 290 responses were received.
Ends
For further information contact The Wriglesworth Consultancy:
Neil Mackwood, Director, 0207 427 1400; n.mackwood@wriglesworth.com
Fiona Brandhorst, Director, 0207 427 1400; f.brandhorst@wriglesworth.com
Jamie Till, Senior Account Executive; j.till@wriglesworth.com
Notes to editors
About The Council of Property Search Organisations (CoPSO)
The Council of Property Search Organisations (CoPSO) is the major trade association for the property search industry. Members provide a broad range of property search reports including local, environmental, mining, chancel repair, drainage and water data and undertake over 2 million searches each year.
The membership includes water companies, environmental search providers and organisations offering local searches. Today, CoPSO members produce 80% (by volume) of all searches produced in the market.
COPSO is the national trade body representing companies producing property information - local searches, environmental reports, water and drainage searches and specialist services such as chancel repair. Our members produce over 85% of these searches.
TheProperty Codes Compliance Board is the independent regulatory body responsible for ensuring compliance with the Search Codes (www.propertycodes.org.uk). Always refer to the Register of Firms on the PCCB website to check whether a firm is registered or not.
For more information contact CoPSO:
CoPSO
The Smithy
Sutton Lane
Dingley
LE16 8HL
Telephone: 0800 0499 912