New TVR still under wraps! (Vol. 3)
Discussion
Getting back to the subject (sorry), two property alerts popped up on Land Registry yesterday, affecting the two titles comprising the different sides of the ‘factory’ site. The alerts related to ‘dealings’ with the properties comprised in those titles giving registration priority and lodged by a major national commercial conveyancing firm.
Leases imminent, or done, perhaps.
Leases imminent, or done, perhaps.
Pupp said:
Getting back to the subject (sorry), two property alerts popped up on Land Registry yesterday, affecting the two titles comprising the different sides of the ‘factory’ site. The alerts related to ‘dealings’ with the properties comprised in those titles giving registration priority and lodged by a major national commercial conveyancing firm.
Leases imminent, or done, perhaps.
What? I have no idea what any of that means Pupp.. is that good news? Bad news? No news? Sounds like a TVR press release… noise with no meaning… sorry for the negativity but I’ve listened to too much politicians drivel and blame bo**ocks in the last few years to take anything at face value… politicians and marketing people… waste of good air… self serving low life morons.Leases imminent, or done, perhaps.
Sorry… rant over
baconsarney said:
What? I have no idea what any of that means Pupp.. is that good news? Bad news? No news? Sounds like a TVR press release… noise with no meaning… sorry for the negativity but I’ve listened to too much politicians drivel and blame bo**ocks in the last few years to take anything at face value… politicians and marketing people… waste of good air… self serving low life morons.
Sorry… rant over
Pupp said:
It’s neither good nor bad necessarily; it’s just factual info about what the national keeper of property interest records is notifying anyone of who is looking at the two sites comprising the factory. Something has changed or is about to change with the legal ownership or with equitable interests registered against the factory.
Once the Land Registry have finished processing the application, then it will appear on the Register and you will be able to see what it was. It could be a sale, the registration of a lease, or the registration of a charge for example.
The question is, do these relate to the actual factory, which could be related to TVR, or nearby buildings that are not related?
Someone asked why the Land Registry would be interested in a lease. Any lease for a period of over 7 years has to be registered at the Land Registry.
(And just to be correct, someone mentioned the registration of equitable interests, but you cannot register those. The Land Registry only deal with the Legal Estate.)
LucyP said:
Pupp said:
It’s neither good nor bad necessarily; it’s just factual info about what the national keeper of property interest records is notifying anyone of who is looking at the two sites comprising the factory. Something has changed or is about to change with the legal ownership or with equitable interests registered against the factory.
This is almost correct. It means that an application has been made to change the Land Register, or there will be one made shortly, and the lawyers have either filed it, or obtained a final search, which gives a period in which that application is given priority to any others that are subsequently made. These are just legal technicalities.
Once the Land Registry have finished processing the application, then it will appear on the Register and you will be able to see what it was. It could be a sale, the registration of a lease, or the registration of a charge for example.
The question is, do these relate to the actual factory, which could be related to TVR, or nearby buildings that are not related?
Someone asked why the Land Registry would be interested in a lease. Any lease for a period of over 7 years has to be registered at the Land Registry.
(And just to be correct, someone mentioned the registration of equitable interests, but you cannot register those. The Land Registry only deal with the Legal Estate.)
Thought the group might be interested in a factual update from a key info source but will let you learn about future ones from Les’ PR flunkies.
Thanks for this Pupp. As both the Govt and TVR have said the lease should be signed in Q2 - after missing Q1 as the factory had not quite been completed by Mr Jones - it does sound like the handover to TVR is imminent. No doubt LE will be shouting all this from the roof tops in the near future if it is correct.
Pupp said:
It was entirely correct
You cannot even create an equitable mortgage or charge intentionally. You do so by cocking up the formalities for a legal mortgage or charge, and when you come to register it, the Land Registry will reject it, and you will be asking to lawyers to do it again, properly and/or suing them.
The minute you started talking about the registration of equitable interests, then your post was wrong.
What we will do is to wait a few weeks until the registration of whatever has been applied to be registered has been completed by the Land Registry and then we will know what has happened in reality. We don't need the TVR press release.
LucyP said:
What we will do is to wait a few weeks until the registration of whatever has been applied to be registered has been completed by the Land Registry and then we will know what has happened in reality. We don't need the TVR press release.
A few weeks? You’ve clearly had no recent experience of HMLR processing times. Pupp said:
LucyP said:
What we will do is to wait a few weeks until the registration of whatever has been applied to be registered has been completed by the Land Registry and then we will know what has happened in reality. We don't need the TVR press release.
A few weeks? You’ve clearly had no recent experience of HMLR processing times. Gassing Station | General TVR Stuff & Gossip | Top of Page | What's New | My Stuff