Latest News

The GDPR countdown has begun

12 February 2018

General Data Protection Regulation coming into force in May will mean fundamental changes in how businesses handle personal data - so if you don't already have a plan in place, now is the time to be thinking about one. Read More...

Scottish Government to consult on LBTT relief for first time buyers

12 February 2018

The Scottish Government have announced that they are to consult on Land and Buildings Transaction Tax (LBTT) exemption for first time buyers on properties under £175,000. Read More...

OnTheMarket goes live on London stock exchange

09 February 2018

All eyes have been on OnTheMarket plc today as it finally launched on the London Stock Exchange. Read More...

 

HM Land Registry signals the start of its transformation

Tuesday 01 August 2017

HM Land Registry has released its Annual Report and Accounts, setting out its ambitious target to become the world’s leading land registry for speed, simplicity and open approach to data.

The report, the first HM Land Registry has published since it was announced by the government that it is to remain in the public sector, sets out the core focus for the ambitious transformation, and backs up their efforts in becoming a digital and data-driven business.

HM Land Registry will begin the comprehensive registration of land in England and Wales. The initial focus will be on prioritising public sector land in order to provide an early indication of the scale of potential sites for house building and associated infrastructure needs.

Alongside the improved registration of land, the transformation will also involve working with the private sector to research and test new digital registers, potentially exploring blockchain, a plan HM Land Registry is calling ‘Digital Street’.

By changing how it works internally and moving to become a more digitally data-driven organisation, HM Land Registry aims to meet the changing needs of its customers, testing new ideas that could make conveyancing simpler, faster and cheaper.

Responding to a government commitment to drive innovation in the digital economy, HM Land Registry will open up more of its datasets externally and across government to support infrastructure development, financial security, tax collection, law enforcement and national security.

Graham Farrant, Chief Executive and Chief Land Registrar, said:

"Alongside the key role we already play in the property market, our transformation will help support the UK in developing a vibrant and innovative digital economy. Our plans not only involve the digitisation of our existing services but we will explore how, through new digital technology, we can help to potentially release even more value from the Land Register.

"A modernised HM Land Registry will aid data sharing across government for the purposes of supporting development, financial stability, tax collection, law enforcement and the protection of national security."

Read the full report