HM Land Registry launches strategy for digital property market

Toby Weiss

Toby Weiss

Corporate Marketing Manager at Reapit

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HM Land Registry has launched its Strategy 2022+ and three-year Business Plan to guide the next stage of its digital transformation. The department will work with the property market to co-create a homebuying process of the future that is quicker, more efficient and more user friendly, under its new strategy launched on  31 August 2022.

Strategy 2022+, ‘Enabling a world-leading property market’, sets out how HM Land Registry will transform land registration in England and Wales to cut delays for customers and influence the market to realise the potential of cutting-edge digital tools and solutions.

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.

Also published on the 31st of the August was the new three-year Business Plan, a roadmap for how the organisation will implement the strategy and deliver improvements for its customers.

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.”

Business Minister Lord Callanan said:

“Industries across the economy stand ready to seize on the digital revolution and the UK’s world-renowned property market is no different. The digitisation proposals in this strategy will help the Land Registry deliver more efficient and user-friendly services, while driving productivity and growth for the sector. These proposals, along with other action the Land Registry is taking such as the completion of a Local Land Charges register, will provide a boost to households and businesses engaging with the property market throughout the UK, supporting our ambitious Levelling Up agenda.”

 

Resources

News: New vision for a world-leading digital property market

Report: HM Land Registry Strategy 2022+

Report: HM Land Registry Business Plan 2022 to 2025

 

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