Four years after the abandonment of a government scheme to put online the process of buying and selling a home in England and Wales, the Law Society has unveiled a plan to go live next year. The Law Society of England and Wales says the conveyancing web portal, expected to go live next year, will streamline the process, improve communication between parties, save costs and time and improve risk management.
In 2009 the attempt to create an e-conveyancing system, by the Land Registry of England and Wales was abandoned. According to the Law Society Gazette, the new portal will allow all parties in a transaction to view up-to-date information on the process online in a secure and collaborative 'deal room'. A feature called 'chain view' will enable parties to check what stage has been reached by everyone in a purchasing chain.
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