News

Law Society’s planned e-conveyancing portal could introduce paperless transactions

25/01/14

The Law Society has announced plans for the introduction of an e-conveyancing portal which would handle all residential property transactions in England and Wales online. Planned for next year, if successful, the portal will enable all parties to a transaction – including lawyers, estate agents, sellers and buyers – to view documentation and check up-to-date progress in a secure online ‘deal room’ accessible from a smartphone or tablet. Desmond Hudson, Chief Executive of the Law Society, said that moving online should ‘save time and avoid the costs created by traditional paper-based approaches.’

So far, so good.  However, let’s not forget that a similar project launched by the Land Registry in 2009 proved a spectacular and rather expensive failure in 2009 after succumbing to IT issues.  Watch this space…

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