Land Registry aiming to digitise 95% of transactions by 2022

The UK's Land Registry is aiming to digitise 95% of its daily transactions over the next five years in order to speed up services for customers and simplify property transactions. The public agency holds records of ownership for 25 million properties in England and Wales, accounting for 84% of the land mass. The project, called Digital Street, will create a machine-readable digital register that can update instantly. A pilot using a small number of properties will be in place by the end of the year.

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The Land Registry yesterday announced a new business strategy, aimed at speeding up the buying and selling of homes in England and Wales.

The new strategy is also aimed at making the process cheaper and simpler.

The Land Registry aims to digitise 95% of its daily transactions within five years, and to create a more definite record of property ownership.

A pilot digital register for a “small selection” of properties will be in place by the end of next month.

Called Digital Street, this will be “machine readable” and capable of being updated instantly.

The Land Registry said: “Digital Street will contribute towards a property industry where people will buy, rent, sell, finance, build and manage property with ease.”

The new five-year plan is aimed to make it the world’s leading land registry for speed, simplicity and an open approach to data.

The Land Registry currently contains over 25m titles showing evidence of ownership of some 84% of the land mass of England and Wales.