Property Alerts For Landlords

There is a free property alert service for landlords that monitors any significant activity on let property.

Where a property is empty or where it has no mortgage, there may be a greater risk of it being fraudulently sold or mortgaged.

Signing up for a property alert will not automatically block any changes to the property register, but it will act as a warning when something changes, such as a new mortgage being taken out against the property.

In the last 5 years alone HM Land Registry has prevented more than £100 million of fraud.

Set-up process

A property is only able to be monitored if it is registered with HM Land Registry. This may not be the case where it is acquired before 1990 and not mortgaged since then. A search of English and Welsh property can be made here.

For a property that is registered there are just 2 simple steps that need to be taken.

·        Create a property alert account and

·        Add to the account the properties to be monitored.

Up to ten properties can be monitored. The requirements mean you don’t need to own a property to monitor it.

Unregistered properties

There is also more risk if a property is not registered, so it is recommended that an application be made to have such property registered. Although registration can be done by a landlord, many may prefer to use the services of a solicitor or conveyancer.

Further guidance on setting up a property alert can be found here.

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