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Land registration to share data with law firms

The Land Registry has begun sharing data with law firms to reduce the 800,000 incomplete applications it receives per year.

The agency says that an incorrect application would cost the sector up to £19 million a year, slowing registrations.

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These mistakes range from incorrect name or title number on the application to missing evidence or incorrect ownership details.

However, the body will target companies that make the maximum number of mistakes that require follow-up requests or requests, with the percentage of applications that have solid mistakes varying from 0% to 24%.

“HM Land Registry sends data to customers about the percentage of applications that can avoid these requests before applications are submitted.”

“The goal is to process registration for the first time without the need for clarification or detailed information to support the application.”

The body says that based on the average wage level of the sector, “avoidable” administrative errors each cost around £5, and £30 when chasing a third party for document or consent.

Sheila Kumar, CEO of the licensed carrier, added:

“We are already using land registry data as part of our risk profiling of individual practices and are expected to use this data and training available from land registry to improve our services.”

Land Registry adds that they already offer free live and self-service training on how to get your application for the first time.

Also, on February 4, Housing Minister Matthew Pennycook told Land Registration Chief Executive Officer and Land Registrar Simon Hayes that he hopes for “digitalization and modernization of systems and services.”

The minister added that he hopes his body will “digitize and improve the home buying and selling process” in line with the government's goal of building 1.5 million homes over the next five years.

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