The Conveyancing Association (CA) has used its recent Annual Conference to outline a number of process improvements which it believes are either available already or imminent to help speed up the sale and purchase of property.
The 2021 Annual Conference took place at ICC Wales on 2 December and was entitled, ‘The Conveyancing Revolution – Survival & Success in the Pandemic World’.
It covered a number of sessions which looked at process improvements the CA anticipates will make a significant difference for property market stakeholders, and also asked organisations such as HM Land Registry, the government, and the Home Buying & Selling Group (HBSG) outlined their key projects which will also bring improvements.
Mike Harlow, deputy chief executive & deputy Chief Land Registrar, outlined its launch of the Digital Registration Service and how applications can now be placed through this, while also detailing the introduction of both witnessed electronic signatures and Qualified Electronic Signatures, which will help cut down on the time required to secure a signature on documentation.
Matt Prior from the Department for Levelling Up, Housing and Communities revealed its current thinking around improving digitisation and digitalisation of the process, plus its ongoing work exploring the use of reservation agreements, and its support for the BASPI (Buying & Selling Property Information form) and Property Logbook.
Meanwhile, Beth Rudolf, director of delivery at the CA and the CA representative at the HSBG, looked at the work of these two organisations and its key workstreams, plus how it will continue to encourage sellers to instruct a conveyancer/solicitor on day one of marketing, the progress towards ‘one source of truth’ digital ID in order to stop duplication across the process, its continued focus on upfront information via the BASPI, which is intended to collect all the information required by the buyer, mortgage broker, lender, valuer/surveyor and the conveyancer, and progress towards an industry pledge to secure moving out by 1pm on the day of completion.
In addition, Sally Holdway from Teale Legal outlined the work undertaken by the HBSG to ensure the provenance of the data collected by the BASPI is authenticated by a Property Data Trust Framework so stakeholders understand what they can rely on and the further due diligence which is required.
Nicky Heathcote, non-executive chair of the Conveyancing Association, said: “Part of our focus with this year’s Conference was to look at the initiatives, workstreams and progress that is being made right now in order to produce a much more efficient, and less stressful, home buying and selling process.
“To that end, we were delighted to welcome the government, HM Land Registry, the Home Buying and Selling Group and many other stakeholders, to set out the measures which are already making a real difference, and will do so in the months and years ahead. Digital ID, electronic signatures, upfront information via the BASPI are here and being used already, and they will grow in importance as more firms and stakeholders take them up.
“It was also important to offer a view on the regulatory situation and how that ties in with the future for conveyancing firms, plus an incredibly useful session on how firms have coped during the pandemic and what they can do to ensure the ongoing mental well-being of their staff, through what has been a very challenging period.
“Attendance at the Conference was excellent and we would like to thank every single person, firm, and organisation that came to the ICC to support the CA, and all those who took part in the sessions. I hope you gained as much out of it as we did at the Association. There is much to be positive about and we will continue to focus on those projects and workstreams which are going to deliver the most benefits to our member firms and their customers.”