Wednesday, April 12, 2006

world’s largest property database

Land Registry UK holds the world’s largest property database of over 20 million titles. Land Registry guarantees ownership of many billions of pounds worth of property. Around £1 million worth of property is processed every minute in England and Wales.

"The e-conveyancing programme will be introduced incrementally to the property market and initially on a voluntary basis. It will, nonetheless, be a massive change for everyone involved which makes it important that we proceed in manageable steps and in accordance with a clear timetable. Stakeholder feedback has helped us to identify a preferred date for implementing compulsory use of the electronic system by 2009 or 2010. We will continue to listen to the stakeholder community and to refine our plans as appropriate." Land Registry Chief Executive, Peter Collis

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