September 2009 witness the Land Registry’s new internet based Portal ( some have termed Conveyancing portal ) was launched - which will replace the existing Land Registry Direct.
The Land registry Portal platform for future e-conveyancing services. Access to information will be provided through the Portal to both Conveyancing professionals such as Conveyancing lawyers and property solicitors as well as home buyers and sellers.
The Land Registry Portal has now processed and registered the first mortgage to be signed electronically. The mortgage – or electronic charge in standard form (E-CSF) – was in favour of the Coventry Building Society.
The Land Registry portal will, in time, enable submission of an increasing range of Conveyancing applications for registration or noting on a property title.
Other benefits of e-conveyancing documentation include :
- The e-conveyancing system automatically checks for errors – sometimes made by even the best Conveyancing lawyers - and against the register of the title. Such error messages are returned immediately which allows them to be resolved quickly;
- Fees will be calculated automatically and paid by variable direct debits form convincing firms accounts with daily statements to help conveyancers keep track of their accounts;
- Online guidance leads the Conveyancing lawyer through the process of inputting the required data. This removes the administrative burden associated with completion of the more complex paper Conveyancing forms and also reduces the possibility of errors leading to rejection of the application or requisitions by the Land Registry;
- There is no chance of using incorrect or out-of-date Conveyancing forms or lodging forms at the wrong Land Registry.
- The process of electronic submission will reduce the need to send additional paperwork to the Land Registry's offices. If supporting evidence is required, it can be sent electronically if needed;