Property News & Views
HM Land Registry aims to help speed up property transactions. —
05th Mar 2018
HM Land Registry has taken another step towards its aim to to make conveyancing simpler, faster and cheaper for the general public.
The Registry has embarked on a serious of digitisation programmes in recent months, while at the same time being critical of other elements of the conveyancing process - notably the quality of requests and information it receives from conveyancers themselves.
Now it has revealed that it is to begin working with 26 local authorities in England to migrate their local search information online - formally called Local Land Charges - in a programme which the Registry says will launch later this year and benefit up to 125,000 home buyers in 2018 to 2019.
The Registry says the new digital register will eliminate regional variations in the speed, format and costs of searches; critically, online search results will be available instantly in a range of formats to suit the customer.
Currently, each local authority maintains an LLC register for its administrative area and the records are held in a variety of formats such as paper, electronic and digital. Prices vary considerably, ranging from £3 to £76, and it can take up to 30 days to deliver the search results.
The Registry admits this has led to an inconsistent service for customers depending on their postcode.
People expect to be able to access government information online quickly and easily, and for a reasonable fee. A national Local Land Charges service will achieve that explains HM Land Registry chief executive and chief land registrar Graham Farrant.
This is a significant step forward in the governments ambition to make the house-buying process simpler, faster and cheaper he adds.
The Registry says it will keep its customers, primarily conveyancers, up to date when each local authoritys records are migrated to the new digital register.
The organisation calculates there are 25m records held across England.
In its statement announcing this latest digitisation, the Registry says its ambition is to become the worlds leading land registry for speed, simplicity and an open approach to data.
Peter Scott from Peter Scott Estate Agents commented - Those local authorities that will be part of this digitisation programme will enable faster transactions up and down the country. There are thousands of property transactions every year involved in a chain of sales held up by delayed searches. Everyone wins here.
Source: Estate Agent Today March 2018.