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Everything must go?

The benefits of a publicly owned Land Registry should not be underestimated by solicitors, regardless of specialism, writes Mary Young

19 July 2016

In March 2016 the government launched a consultation relating to a resurrected plan to (at least partly) privatise Her Majesty's Land Registry.

The Land Registry is estimated to be worth around £1.2bn
and, given that one of the
main drivers for sale is the government's objective of maximising capital receipt,
it is not surprising that this proposal has been revisited.

At present the registry is entirely self-funding: it is required to ensure that its income from fees covers all
of its expenditure under normal operating conditions. This includes expenditure under
the indemnity scheme. In fact, the Land Registry consistently operates at a surplus and as
such is a net contributor to the government coffers.

The consultation closed on
26 May 2016. The proposal is
that ownership of the regis...

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