The Land Registry for a property is an official public record where ownership rights over real estate (estates, houses, buildings, warehouses, etc.) are recorded for the general knowledge of all citizens, as well as all other real rights that may fall upon them (mortgages, liens, etc.).
Benefits of registering a home in the Land Registry:
- This Registry grants the right to a holder and only they may legally dispose of the property; in other words, only the registered holder can enforce their right or dispose of it against other people.
- You will be protected against the seller's creditors.
- It allows for defense against hidden charges that may affect the home.
- Authorities may grant judicial protection in case the possession of your home is disputed or disturbed by others.
- Once you have registered your property, no one can acquire any rights over your home without previously obtaining your consent.
- Registering your home in the Land Registry is essential to obtain a mortgage loan, as the bank will require the registration to record the mortgage that guarantees the repayment of the credit.