This guide details HM Land Registry practice and requirements relating to the registration of transfers of a registered estate under a chargee’s power of sale. It is aimed at lenders and conveyancers and you should interpret references to ‘you’ accordingly. HM Land Registry staff will also refer to it.
Section 2.2.2 has been amended to clarify our practice on the cancellation of sub-charges.
Section 1.1 has been updated to reflect our current practice relating to the use of copy documents for an application for first registration. Sections 2.1, 3.1 and 4.1 have been updated to include reference to Land Transaction Tax.
A minor amendment has been made to section 3 to make our practice clearer.
A minor amendment has been made to section 2.2.8 following the amendment of the Form MM restriction by the Social Services and Well-being (Wales) Act 2014 (Consequential Amendments) (Secondary Legislation) Regulations 2016.
Section 2.2.5 has been further amended to clarify when an entry in the register in respect of an estate contract will be cancelled where the charge precedes the contract.
Section 2.2.5 has been expanded to clarify when a notice in respect of the burden of an estate contract will be removed from the register automatically on registering the transfer.
Section 2.2.8 has been amended to explain what is required where a restriction in standard Form QQ has been entered in the register.