Friday, October 06, 2006

BBC News reports on electronic conveyancing

House-buying 'to be made easier'

House-buying in the UK could become much easier through a new online conveyancing system being trialled by the Land Registry.

Buyers, sellers, estate agents and solicitors will be able to log on to the internet at any time, to see how far a potential sale has progressed.

A secure site displays details of any delays and their cause, as well as a notepad facility to leave messages.

It is to be run in Bristol with a view to a roll out across the country.

The Land Registry, a government agency, believes the initiative will improve the system considerably.

'Record results'

Ted Beardsall of the Land Registry, added: "Electronic conveyancing is a big programme which basically will replace the paper-based system of conveyancing with huge benefits."

Some 80 law firms in Bristol will take part in the conveyancing project, which will last for six months, before being assessed for a possible nationwide roll-out.

Solicitor David Brown said: "I think it will enable everyone to see what has been done.

"Every lawyer, solicitor, conveyancer down the chain will have to show exactly what they've done."

Charles Smailes, President of the National Association of Estate Agents, said: "Online conveyancing is an extremely important development for improving the buying and selling of residential property.

"Estate agents will be able to provide a more concise and effective service for their clients as they will have access to the most up to date information from their computer.

"The possibility of online completions and instant registration of title deeds is very exciting indeed as it will dramatically improve the length of time it takes to sell a home."

Story from BBC NEWS:

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