Property And Conveyancing Update
As part of the goal to complete the land register, the General Register of Sasines closed to standard securities on 1 April 2016. This change affects people in Scotland with titles held on the sasine register who take out borrowing with a new lender.
New securities must be added to the land register, triggering a first registration.
The voluntary registration fee for moving the title from sasines to the land register has been waived, but as a result of the change you may incur some additional costs.
The standard security fee for moving the title from sasines to the land register will remain at £60.
Applicants may have to submit an acceptable plan of the property as part of their registration.