The Land Registry is planning to roll out an electronic conveyancing pilot programme later this year.
The Registry, which maintains the register of land ownership in England and Wales, now has two pilot programmes scheduled for this autumn and next.
The first pilot this autumn will make the “chain matrix” of information relevant to the buying chain available to solicitors, estate agents and possibly clients. This pilot will be trialled in Portsmouth, Fareham and Bristol until spring 2007.
The second pilot, due in October 2007, will include processes such as network access agreements, automated registration on completion, document and record management, and the recording of e-signatures.
This pilot will be made available to financial services companies and government departments. The Registry plans to introduce compulsory participation in a commercial scheme for all stakeholders by 2010.
Further elements of the electronic system are expected to be introduced in 2008.