Registering property easier under new law

  • 16/03/2016
Registering property easier under new law

Transferring land and registering property will be easier when a bill that has just passed its first reading becomes law.

The Land Transfer Bill replaces legislation that's more than 60 years old and contains provisions that date back more than a century.

Land Information Minister Louise Upston says her bill will bring the laws into the 21st century.

There are new provisions in it to better protect property owners from today's pitfalls, and to prevent mortgage fraud.

Ms Upston says it's going to take a lot of the time and effort out of registering and transferring property.

The bill passed its first reading unanimously on Tuesday night and has been sent to a select committee for public submissions.

NZN

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