Land registry question

jos28

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

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.

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.

jos28

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

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.

jos28

YIKES !

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.

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

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.

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:

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.

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.

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.

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