Paperless conveyancing to be the norm by 2025

  • HM Land Registry suggests that paperless conveyancing will be the norm by 2025.
  • Registry is encouraging use of new technology i.e. digital identity verification and e-signatures –
  • ‘significant investment’ to enable the end-to-end automation of up to 70% of all updates to the register by 2025.
  • ‘automated applications will be completed within one day – many in seconds’

HM Land Registry suggests that paperless conveyancing will be the norm by 2025.

The Land Registry has invited the UK property sector ‘to work in partnership to create a simpler, paperless and transparent process for buying and selling property which will benefit homeowners across the country’.  The Land Registry is encouraging the adoption of new technology such as digital identity verification and e-signatures – essential to the paperless process.

There will be a ‘significant investment’ to enable the end-to-end automation of up to 70% of all updates to the register by 2025.

As a result ‘automated applications will be completed within one day – many of them in seconds’

Chief Executive and Chief Land Registrar Simon Hayes points out: ‘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.”

@AndrewEborn @OctopusTV @peoplemattertv

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