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Landlords failing to register properties properly

More landlords could be seeking the help of a commercial property solicitor or a commercial debt recovery solicitor because they are failing to register properties properly.
Liz Richards, head of legal and policy at the Association of Residential Letting Agents (Arla), claimed that the £26 million paid out by the Land Registry since 2006 could be easily avoided by landlords.
"Arla members are advising all landlords to contact the Land Registry to ask that any formal notices to them be sent to an alternative address," she said.
"This prevents tenants who are criminals intercepting this important correspondence."
She said that while this may be "extreme", it should help to deter the misuse of such records.
The information available on the internet makes it easier for criminals to take out mortgages on properties they do not own, leaving the legitimate owner in debt, Ms Richards added.
It comes after figures from Land Registry's House Price Index shows an annual price decrease of 1.3 per cent, taking the average property value in England and Wales to £163,083.
Posted by Georgina Price
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