The Law Society has backed proposals to simplify the legal basis of electronic conveyancing in its reply to proposals for reform of the Land Registration Act 2002.
Responding to a Law Commission consultation on updating the act, the Society agrees with the commission that electronic conveyancing systems should not require simultaneous completion and registration as envisaged under the 2002 Act.
While agreeing that simultaneous completion and registration should remain a long term goal, the Society says that 'it is preferable to remove this requirement from the legislation at this stage. There is no current prospect of "full" electronic conveyancing being established. Until technology, and practice adapted to that changing technology, develops, it is distracting to maintain the position in the current legislation.'
Law Society Gazette and Law Commission consultation on updating the Land Registration Act 2002 - Response