Jargon Buster: Land Registry
The Land Registry register the ownership of land and property in England and Wales and is responsible for holding records of land ownership and any charges against the property.
Anyone buying or selling land or property must apply to register new land or property, new owner of land or property and an interest affecting registered land or property, such as a mortgage.
When buying a property, you’ll pay a fee to the Land Registry to transfer their register entry into your name. This is usually managed by your solicitor and occurs after completion of the sale.