Land Registry v Registry of Deeds - what's da difference?

[caitR]

can anyone tell me the difference betweend Land registry and registry of deeds?
the house i'm in process of buying has "registry of deeds" title, which is great, cause means a much smaller solicitors bill (about 1000e all in) but I don't understand what the difference is?

are there any disadvantages or pitfalls that i need to be aware of?
particularly for when selling the property later on?
cheers!

 

[mf1]

Two systems of title registration. Land Registry title is state guaranteed, Registry of Deeds is not. In the ideal world all titles would be Land Registry ( they are more transparent) but its a huge burden on the State and its unlikely that they will want the expense.

Registry of Deeds title is fine - although it can be cumbersome.

mf

 

[CCOVICH]

Registry of Deeds title is fine - although it can be cumbersome.

Any implications re.

(a) delaying closing;
(b) payment of 'ground rent'?

 

[mf1]

Any implications re.

(a) delaying closing;
No reason to delay closing - same problems that arise with Land Registry can arise with Registry of Deeds - any issues will get resolved during the course of the conveyance.


(b) payment of 'ground rent'?
Only applies to Leasehold - Registry of Deeds covers all titles. If there is a ground rent issue, vendor normally pays anything outstanding to closing. Its a matter for the purchaser to decide if they want to buy out the freehold.

mf

 

[CCOVICH]

Thanks for that mf1.