August 2022

HM Land Registry launches strategy to deliver vision of a more efficient, fully digital property market supported by a modern land registration system.

• HM Land Registry launches Strategy 2022+ and three-year Business Plan to guide the next stage of its digital transformation.
• Announces commitment to lead the market in harnessing the power of digital tools and automation to speed up the homebuying process.
• Strategy is supported by the Association of Independent Personal Search Agents, the Chartered Institute of Legal Executives, the Conveyancing Association, the Council for Licensed Conveyancers, the Council of Property Search Organisations, the Law Society, the Royal Institution of Chartered Surveyors, the Society of Licensed Conveyancers and UK Finance.

The next stage in transforming HM Land Registry into a global leader in digital land registration sees the organisation taking on a convening role as it invites the UK property sector to work in partnership to create a simpler, paperless and transparent process for buying and selling property which will benefit homeowners across the country.

Chief Executive and Chief Land Registrar of HM Land Registry, Simon Hayes, said:

"Strategy 2022+ comes at a pivotal moment. The very high level of activity in the property market in recent times has underlined the urgency with which all players in the market need to work together to improve the system."

"With property transactions taking record time to complete, it is imperative that we work as partners to innovate and remove friction so that the process is as quick and painless as possible."

"For HM Land Registry, that means a step-change in our offering to customers so that they receive an outstanding, fully digital service."

"As we do so, we are placing people – those buying and selling property – at the heart of our transformation."

For further information visit: https://www.gov.uk/government/news/new-vision-for-a-world-leading-digital-property-market 

If you are interested in more information about buying an investment property please call one of the Bournecoast team on 01202 437888, email them at propertyowners@bournecoast.co.uk or visit their website www.bournecoast.co.uk.