Land Registry’s latest plans for the development and delivery of its electronic conveyancing services have been approved and endorsed by David Lammy, Parliamentary Under-Secretary of State at the Department for Constitutional Affairs. The key proposals are:
- Land Registry will develop and operate the central e-conveyancing service which will link all participants in a conveyancing transaction, co-ordinating key milestones of exchange and completion, and updating the Land Register.
- Access to the service will be via public and private channels. Land Registry will develop and implement its own basic channel access and will encourage the development of added value commercial channels alongside this to offer customer choice.
- An Electronic Funds Transfer Service, to be supplied by an ‘agency bank’, will be linked to the central service facilitating all money movements associated with property transactions.
Land Registry aim to pilot the e-conveyancing service during the spring of 2006 and begin an incremental process of national rollout during 2007.
