The Government has approved changes to the Land Registration Rules 2003 that will enable the HM Land Registry to continue its digital transformation.
The changes that come into effect on 6th April 2018 mean buying and selling a property without paper deeds could soon become possible.
The HM Land Registry previously released its Business Strategy 2017-2022 which outlines their ambition to become the world’s leading land registry for speed, simplicity and an open approach to data.
As well as changes to the Land Registration Rules 2003, the Land Registration (Electronic Conveyancing) Rules 2008 and the Land Registration (Proper Office) Order 2013 were both revoked. The changes allow HM Land Registry to continue with its digital programme and modernize and simplify its services.
The HM Land Registry is a government department created in 1862. It safeguards land and property ownership worth in excess of £4 trillion, including around £1 trillion of mortgages.
The Land Register contains more than 25 million titles showing evidence of ownership for some 85% of the land mass of England and Wales.
For more information on the latest changes visit https://www.gov.uk/government/news/hm-land-registry-moves-forward-with-digital-conveyancing.
For more information about HM Land Registry visit http://www.gov.uk/government/organisations/land-registry.
Categorised in: Commercial Property, New Build, News, Residential PropertyTags: Commercial Property, Conveyancing, New Build Homes, Residential Property