The Land Registry’s new policy of early completion commences today. For full details of the policy, read commentary included in the June 2009 CPI Update and further points included in the July/August 2009 CPI Update.
The Land Registry’s practice guide on Discharge of Charges has been updated. Click on LRPG 31.
Land Registry has announced a slight cost concession in relation to early completion. It says that, from today, when an application is completed under the early completion policy, and an old charge is left on the register, Land Registry will store the details of the conveyancer acting on the registration of the new charge. When a subsequent discharge occurs, the Land Registry’s systems will recognise this and automatically issue a paper notification to that conveyancer, including a new official copy showing the completed register. There will be no additional charge for this service.