Monday, December 05, 2005

Electronic Conveyancing - UK

On 13 October 2003, the Land Registration Act 2002 (2002 Act) and Land Registration Rules 2003 (2003 Rules) came into force. The 2002 Act and 2003 Rules completely replace the statutory framework for land registration set out in the Land Registration Act 1925. The 2002 Act and 2003 Rules provide the cornerstone for electronic conveyancing by creating a legal framework for transferring and creating interests in registered land by electronic means. HM Land Registry (HMLR) is responsible for developing an electronic conveyancing system. Under the system it will be possible to execute formal documents electronically via a secure electronic communications network. Execution and registration of documents will be simultaneous and conveyancers will initiate the process. HMLR will control access to the network and what changes can be made to the register. HMLR hopes to create a fully functioning electronic system by 2007.

HM - Land Registry e-conveyancing site

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