In October last year, we introduced more digital validation
checks for applications. Our guidance and training materials will help you get
everything right first time, so your application will sail through with no
delays or surprises. Let’s look at one of these checks in more detail:
Right first time: Price paid/value stated
When submitting an application, make sure you enter the
price paid for the property (if it’s being sold) or state its market value.
This helps HM Land Registry maintain accurate records and provide reliable data
for the property industry.
Price paid: Enter the amount of money paid by the buyer to seller.
Value stated: If no money changed hands (for example it was
a gift or inheritance), state the property’s estimated full market value - you
can ask an estate agent if you’re not sure.
Missing or unclear figures will lead to a requisition and
delay your application.
For more information:
