Another Step Closer Towards Digital Conveyancing

The Government has recently approved changes to the rules surrounding conveyancing that will pave the way for digital land registration set to come into effect on  6 April 2018.

The process of buying and selling your home without the need for paper deeds will be another step closer towards using digital technology to make the conveyancing process faster, simpler and cheaper.

The changes are key to HM Land Registry’s ambition to become the world’s leading land registry for speed, simplicity and an open approach to data.  At the same time, HM Land Registry plans to prioritise the integrity and security  of the registry against threats from digital fraud.  Anything that enhances cyber security will be welcomed.

The rule changes will allow HM Land Registry to introduce fully digital conveyancing documents such as mortgages and transfers signed with e signatures.  As well as streamlining the process, the plans also aim to reduce costs and minimise delays.  It is proposed that by 2022 HM Land Registry will aim to digitise 95% of transactions to help improve the efficiency of registration.

in order to allow HM Land Registry to continue with its digital transformation programme changes were required to the Land Registration Rules 2003, with the revocation of the Land Registration (Electronic Conveyancing) Rules 2008 and the Land Registration (Proper Office) Order 2013.

If you have any questions on buying or selling your property please contact Zahra Shah on 0203 053 6509 or at zshah@meaby.co.uk for more details.

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