Published: 05/08/2020 By Allan Fuller
Once they have completed the necessary authentication checks, they then ‘sign’ the document electronically in the physical presence of the witness who then also signs.
The conveyancer is then notified that the signing process has been concluded and once they have completed on the deed, submits the completed document to HM Land Registry with their application for registration.
Simon Hayes, Chief Land Registrars announcement said that what they have done will remove the last strict requirement to print and sign a paper document in a home buying or other property transactions. The statement went on to say that it has been recognised that lots of us are working at home, but it is also a keystone of a truly digital, secure and more efficient conveyancing process that we believe is well within reach.
Also in a case that shows hardship caused by likely delay an application to expedite will be acted upon in genuine circumstances.
This is all good news, however to really speed up the buying and selling process massive reform is still needed, hopefully the initiative by the Land Registry will spur the other key participants in property transactions once a sale has been agreed in principal.