Land registry question..

[Badvoc]

Might be an odd question, but bear with me...
A friend of my dsis sold her house late last year and has moved into rented accommodation whilst they find something they like.
I was pretty shocked when my sis told me how much they sold it for tbh (£300k) especially as there is an identical house on the market on the same estate for £50k less than they got which has been on for 2 years at least.
Anyway.
I was being nosy and checked the land registry and there is no record of the sale.
I also checked rightmove and there is no record of it being for sale.
I am a bit as my sis wants to move and
Has the same type of house and now thinks she will get £300k too, even though she has had it valued twice at £250k.
Is this normal?
Shouldn't there be some record of the sale, even if it was a private one?
Am confused....

[Sunnyshores]

I've noticed that, there must be a way of doing it - the houses I've looked at are ones where builders have brought a wreck and are now selling refurbished (i've been trying to see what profits could be made by buying a wreck).

[SwedishEdith]

The sale of my last house isn't on. I asked the Land Registry and (if I'm remembering correctly) it's up to the buyer's solicitor to notify the LR of the sale and, presumably, some don't.

[Badvoc]

Ah, thanks.

[sydlexic]

IME is takes longer than that for the records to update.

[Badvoc]

Hmm..others seem pretty quick.imguess if is down to individual solicitors.

[LadyKooKoo]

This from the land registry will explain why it might not be showing up. When did they sell it though? I was under the impression that it was a minimum three months. Also allow for human inputting error; our house (bought in 2006) still doesn't show up when searched for whereas my Mothers (sold in January) is already on Rightmove Sold Prices. We used the same solicitor so can't be because of that.

[financialwizard]

Takes around 6 months to show normally.

[Mrsladybirdface]

My house went on the land registry last week and we completed on the 21st December

[Badvoc]

I see, thanks.
But why can't I find records of it being for sale? Either on rightmove or zoopla?

[LadyKooKoo]

Why would you when it has now sold?!

[PatriciaHolm]

The land registry record for our previous house sale is wrong. It shows the first price we agree not the final sale price!

[Badvoc]

You can usually find the details of the last sale on rightmove and zoopla.
Ours is certainly in there.

[LadyKooKoo]

The details on RM and Zoopla tie in with the land registry, if the land registry isn't updated then it won't show on RM or Zoopla either.

[marinaaquamarina]

This is (as SwedishEdith stated) because 'developers' don't want potential purchasers to know how much they paid for a house and hence how much profit they are making or how much haggle room there is.

It's up to the solicitor to notify the Land registry - if they don't, and a developer may ask them not to - then there's no public record.

The lack of a 'property history' on Zoopla - which shows when the house was marketed (not just when it was sold) is I believ down to some EAs being more stute than others in manipulating the data trail they leave behind.

[marinaaquamarina]

The lack of a 'property history' on Zoopla - which shows when the house was marketed (not just when it was sold) is I believe down to some EAs being more astute than others in manipulating the data trail they leave behind.

[Badvoc]

Ah I see. Thanks all

[LandRegistryRep]

LadyKooKoo has kindly linked to the list of exclusions re our price paid data.
The speed with which the data will appear on our own and third party websites will vary from property to property largely for 2 reasons

1. how quickly the conveyancer submits the registration to Land Registry - as you are often moved in and settled into your new home before the application is lodged the speed of submission can vary from conveyancer to conveyancer. The application could be submitted any time between a matter of days and 2 months normally; and
   

1. the data is released to third party websites on a regular basis near the end of each month, so if the registration comes in just after that then you can add another month to the timeline
   

In effect you could be looking at a 3 month delay in some cases although I would expect most to appear much sooner.

As far as the actual price paid information is concerned, this is taken from the Transfer document itself and is the same amount as submitted to HMRC for SDLT purposes. The conveyancer for either party does not notify us separately.

Finally, in some cases a developer may well offer discounts or incentives to encourage someone to buy their property. There will still be a price or 'consideration' as it is known and it is this figure which is used for the Transfer.

You can check the price paid information online www.landregistry.gov.uk/contact-us/change-sales-record and if details are missing or incorrect then you can submit an online request for this to be investigated

[Badvoc]

Oh wow, thanks so much.