It is an exciting time to be involved in the property sector as technology rapidly replaces old ways of operating. We are probably just a few short years away from a fully digital conveyancing system that promises a faster transaction and a better experience for all those involved.
Digitisation will open up a range of opportunities for improving the home buying and selling experience for consumers. But it will not come without risk, and raises questions for conveyancers as they seek to develop their businesses and for the Council for Licensed Conveyancers as their specialist. This is what we are exploring in our newly published discussion paper, ‘Conveyancing 2030’.
While there are many areas of the law where there is little public pressure for reform, that is not the case for property and efforts to speed up the process are already underway, with the government being helped by a stakeholder body, the Home Buying and Selling Group.
This year we are likely to see pilots of reservation agreements—signed by both
