Land Registry has outlined that they are aiming for all property to be registered. They have stated that currently over 85% of land in England and Wales is registered.
There are apparent benefits to registration. Firstly it makes it easier to buy and sell property as all the information that is needed for the transaction is held with the Land Registry.
Secondly, it provides concrete proof of ownership that anyone can see at anytime by downloading the official copies at a nominal fee of £3.00. A plan can also be downloaded for another £3.00.
Thirdly it helps protect property from fraud because the owners are easily identifiable.
It is possible that you may still have an unregistered property if you have not moved or re-mortgaged since 1980, but you can voluntarily register the property.
Read the full article on the Land Registry blog at https://hmlandregistry.blog.gov.uk/2018/04/27/why-hm-land-registry-wants-to-achieve-comprehensive-registration/.