Date lodged: 28 August 2018
To ask the Scottish Government how many people awaiting the processing of a land registry application in each of the last three years have informed Land Registry Scotland that they have had to take out a standard variable rate loan as a result of the delay, and whether it has conducted an assessment of the financial impact of this on applicants.
Answered by: Kate Forbes 13 September 2018
This is a question for the Keeper of the Registers of Scotland. She advises me that historically lenders would not usually require registration applications to be completed before offering customers new deals or rates. Recently some lenders have changed their position. In such cases, where the Keeper is made aware, by a customer or their solicitors, that registration delays are having this sort of impact then the registration application will be expedited. The total number of cases in which this has been done, across the last three years, is 12.