Facing up to the digital identity challenge
The prevention of property fraud obviously relies on the accurate verification of the parties to the transaction. Even in the best of circumstances, conveyancers checking the identity of their clients personally can be inconvenient to both. It also relies on the skill and attention to detail of person doing the checking, which can be variable. By contrast, there are technological means of checking electronic passports and similar that can be highly consistent and accurate.
The current processes in conveyancing do not feel very 21st century and they have proved difficult to maintain in the current crisis. So what can we do about it?
Digital identity checks and the conveyancing sector
We, along with the Law Society, the Council for Licensed Conveyancers (CLC) and the Chartered Institute for Legal Executives (CILEx), believe that cryptographic and biometric checking of identity, using microchip-enabled passports or identity cards, might present a new, robust and convenient answer to the need to maintain social distancing while verifying an applicant’s identity.
The four organisations have been working together, alongside representatives from across the conveyancing industry, to find ways to help the property market during the coronavirus crisis.
Full article on HM Land Registry