The Land Registry has launched strategy to help deliver a fully digital property market supported by a modern land registration system.
The vision includes a three-year Business Plan to guide the next stage of its digital transformation involving harnessing the power of digital tools and automation to speed up the homebuying process, in a move supported by the Chartered Institute of Legal Executives, the Conveyancing Association, the Council for Licensed Conveyancers, the Council of Property Search Organisations, the Law Society, the Royal Institution of Chartered Surveyors, the Society of Licensed Conveyancers and UK Finance.
Acknowledging that the current system does not meet some basic expectations for a modern, professional service, and is therefore stressful and confusing, Chief Executive and Chief Land Registrar of HM Land Registry, Simon Hayes, said: “This is a pivotal moment. The very high level of activity in the property market in recent times has underlined the urgency with which all players in the market need to work together to improve the system.
“With property transactions taking record time to complete, it is imperative that we work as partners to innovate and remove friction so that the process is as quick and painless as possible. For HM Land Registry, that means a step-change in our offering to customers so that they receive an outstanding, fully digital service.
`”As we do so, we are placing people – those buying and selling property – at the heart of our transformation.
