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Land registry question

  • 24-06-2013 1:42pm
    #1
    jos28
    Registered Users, Registered Users 2 Posts: 7,206 ✭✭✭


    We were recently lucky enough to clear our mortgage and we also bought out our ground rent. The bank still have the deeds to the house but we did receive the ground rent documents. Should we re-register both with Land registry. Is this something that the individual can do or should we hand it over to our solicitor. I lloked at the Land Registry site but they make it seem very complicated.
    Cheers


Comments

  • #2
    jammiej
    Registered Users Posts: 1 ✭jammiej


    jos28 wrote: »
    We were recently lucky enough to clear our mortgage and we also bought out our ground rent. The bank still have the deeds to the house but we did receive the ground rent documents. Should we re-register both with Land registry. Is this something that the individual can do or should we hand it over to our solicitor. I lloked at the Land Registry site but they make it seem very complicated.
    Cheers
    I think you have to register after buying out ground rent since the compulsory registration became universal.


  • #3
    Bluegrass1
    Banned (with Prison Access) Posts: 97 ✭✭Bluegrass1


    jammiej wrote: »
    I think you have to register after buying out ground rent since the compulsory registration became universal.

    My parents got caught by that. Bought out their ground rent and the vesting cert came through about three weeks after compulsory registration came into their county. The registration in the land registry cost more than the buying out of the ground rent and took over a year.


  • #4
    jos28
    Registered Users, Registered Users 2 Posts: 7,206 ✭✭✭jos28


    Hope it doesn't cost that much Bluegrass. I was led to believe the cost was €40


  • #5
    Bluegrass1
    Banned (with Prison Access) Posts: 97 ✭✭Bluegrass1


    jos28 wrote: »
    Hope it doesn't cost that much Bluegrass. I was led to believe the cost was €40

    from what i remember, the map alone cost €38. Two affidavits had to be sworn and witnessed. €20. I thought the Land reg charge was about €200 for a first registration. I think it went up since.


  • #6
    jos28
    Registered Users, Registered Users 2 Posts: 7,206 ✭✭✭jos28


    YIKES !


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  • #7
    valleyoftheunos
    Closed Accounts Posts: 2,332 ✭✭✭valleyoftheunos


    jos28 wrote: »
    Hope it doesn't cost that much Bluegrass. I was led to believe the cost was €40

    First Registration is €130 if done by Certification of a Solicitor. + maps etc.

    If not certified its €500 but that would be rare enough.
    jos28 wrote: »
    YIKES !

    Subsequent registrations are charged by value of property and average around €700 to €800.


  • #8
    jos28
    Registered Users, Registered Users 2 Posts: 7,206 ✭✭✭jos28


    valleyoftheunos wrote: »
    First Registration is €130 if done by Certification of a Solicitor. + maps etc.

    If not certified its €500 but that would be rare enough.



    Subsequent registrations are charged by value of property and average around €700 to €800.
    Thanks for the information. I think I will give my solicitor a shout and seem how much he would charge. Cheers


  • #9
    valleyoftheunos
    Closed Accounts Posts: 2,332 ✭✭✭valleyoftheunos


    jos28 wrote: »
    Thanks for the information. I think I will give my solicitor a shout and seem how much he would charge. Cheers

    Those are the fees charged by, and paid to, the land registry and are set down by law. the Solicitor pays them on your behalf and then paid back by yourself. they will be the same regardless of whatever solicitor you use.


  • #10
    Carawaystick
    Registered Users, Registered Users 2 Posts: 8,779 ✭✭✭Carawaystick


    valleyoftheunos wrote: »
    Those are the fees charged by, and paid to, the land registry and are set down by law. the Solicitor pays them on your behalf and then paid back by yourself. they will be the same regardless of whatever solicitor you use.

    It's good that reform of land laws led to such efficiencies and cost reductions to the citizens......
    :eek:


  • #11
    NUTLEY BOY
    Registered Users, Registered Users 2 Posts: 2,344 ✭✭✭NUTLEY BOY


    What is the story in County Dublin ? My uncle's house is leasehold and he will be using the arbitration option to buy out the ground rent. When he gets the Vesting Cert what must he do. The property is not registered at the Land Registry. Any transactions on the property are recorded in the Registry of Deeds.


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  • #12
    Bluegrass1
    Banned (with Prison Access) Posts: 97 ✭✭Bluegrass1


    NUTLEY BOY wrote: »
    What is the story in County Dublin ? My uncle's house is leasehold and he will be using the arbitration option to buy out the ground rent. When he gets the Vesting Cert what must he do. The property is not registered at the Land Registry. Any transactions on the property are recorded in the Registry of Deeds.

    He will have to apply for first registration in the Land Registry.


  • #13
    Addle
    Registered Users, Registered Users 2 Posts: 4,812 ✭✭✭Addle


    Bluegrass1 wrote: »
    He will have to apply for first registration in the Land Registry.

    Land Registry fees have recently increased!
    Registration of a vesting cert costs €40, but you may have to add the cost of getting a compliant map and having it marked by an engineer.
    http://www.prai.ie/eng/Legal_Professional_Customers/Fees/Land_Registry/_What_are_the_Fees_for_A_list_of_the_common_types.html

    You can lodge it yourself, but that involves filling out extra forms.

    I've had a few direct dealings with staff in the land registry of late and I was pleasantly surprised at how efficiently my applications were handled.


  • #14
    Addle
    Registered Users, Registered Users 2 Posts: 4,812 ✭✭✭Addle


    FYI

    http://www.prai.ie/eng/Legal_Professional_Customers/Legal_Practices_Procedures/Practice_Directions/27_Registration_of_Vesting_Certs_PD_of_2006_/Vesting_Certificates.html


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