Government warning to HIPs providers

Posted on 13 February 2008 by Charcol

Be the first to comment


The government has warned providers of Home Information Packs (HIPs) not to take shortcuts in obtaining legal proof of property ownership.

In an email sent to members of the HIP industry, the department of Communities and Local Government said it was aware that some HIP providers were including 'Register Views' obtained from Land Registry Direct as evidence of title.

However, it stressed that the HIP regulations require an 'official copy' of the individual register and title plan.

Obtaining the two official copies costs £6, just £3 more than a Register View. However, official copies are admissible as evidence in court, and the Land Registry will indemnify people against any mistakes they contain.

"Official copies are required as these are encrypted documents that the Land Registry will stand by - if there are any errors in the register for example - and are therefore acceptable during the conveyancing process," the email explains.

"Although the information they contain is similar, register views have no such status," it adds.

Comments

Post a Comment

Please keep your comments relevant. Charcol reserves the right to edit or delete comments.

The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them. We may contact you in response to your comment – by submitting your comment, you are consenting to this.

To find out more about how we collect, use and protect your data, please read our privacy policy.

Stay connected....

Association of Mortgage Intermediaries

Legal

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.