Land Registry delays

[Whiskyinajarro]

Hello,

Does anyone know how delayed Land Registry are with changing ownership of property info?

We bought a house in April and are wondering if Land Registry have updated the info yet

Thanks

Mine took 6 weeks, during lockdown

I bought in June and my solicitor said it should take about 8 weeks.

Thanks both. Very helpful.

Due to redundancies & new jobs we have to sell already and relocate but obviously can’t sell for 6 months.

Nightmare!

Why can’t you sell for 6 months?

@ChipotleBlessing Apparently it’s some mortgage lender rules or something like that.

A buyer won’t get offered a mortgage on a property thats been sold within 6 months. And that’s not 6 months from when it was purchased - apparently it’s 6 months from Land Registry update

Huh. That was not something I'd ever heard of, the six month thing.

www.yopa.co.uk/homeowners-hub/how-soon-can-you-sell-a-house-after-buying-it/

Commiserations on the situation Whisky, does seem like you can put it on the market any time you like but buyers will be thin rather than non-existant. There's always a developer around who'll buy out of their own pocket, no mortage.

Have a look at the cml handbook. Date of change of ownership not update of land registry.

I understood the 6 months to be anti money laundering, but if you can evidence why the quick sale I was under the impression it would be acceptable?

Thanks everyone. Had a look at the only cml handbook - I feel even more depressed!

I bet this will happen quite a lot for those who completed over lockdown (our house was empty). So many job losses.

Not sure where “only” has come from in my last post :)