The formal agreement is the first document to check because it specifies the purchase price and manner of payment. The Land Registry’s land register separately records the date of the transaction and the consideration.
Which record should the seller check first?
The two records answer related but different questions:
| Document | What it records |
|---|---|
| Formal agreement for sale and purchase | The purchase price and manner of payment |
| Land Registry land register | The date of the transaction and the consideration |
The seller should therefore check the formal agreement for the agreed price and payment terms, then compare the consideration shown in the land register. The records should not be treated as interchangeable: one contains the contractual price and payment method, while the other records transaction information.
Does this confirm the full payment schedule?
Not necessarily. The cited official description confirms that the formal agreement specifies the manner of payment, but it does not establish whether the document gives instalment amounts, payment dates, or other deadlines.
If the reader needs to know when each payment is due, they must confirm the actual wording of the formal agreement and check whether it contains a separate schedule. These two cited records alone do not establish a detailed payment timetable.
What must still be confirmed?
Before relying on the records, the seller should confirm:
- the exact purchase price stated in the formal agreement;
- the consideration recorded in the land register;
- how the agreement describes the manner of payment;
- whether the agreement or its attachments specify instalments, due dates, or payment conditions; and
- whether evidence of actual payments is required separately.
The agreement and land register can document the agreed terms and transaction details, but they should not automatically be treated as proof that each scheduled payment was made.