When will we have full e-conveyancing – that is, the electronic transfer of titles, enabling a change of the register to be made simultaneously with the movement of money on completion day? Not yet, is the answer. Malcolm Dawson, Chief Land Registrar and Chief Executive says: “…our customers and stakeholders are unconvinced that the time is right to offer e-transfers… they have not yet been persuaded that e-transfers are desirable or achievable in a time of low property sales and increased risk of fraud…As a result, we’re planning to put the development of e-transfers on hold….after listening to a wide range of people, we believe that the solution we’re now proposing is practical, sensible and in tune with the times.”
See Report on responses to e-conveyancing secondary legislation part 3.