Bad Vibes Re Land Registry Privatisation

Earlier in the year the Government put out a consultation paper seeking feedback re the privatisation of Her Majesty’s Land Registry, its non-ministerial department responsible for registering the ownership of land and property in England and Wales.

Two men wearing business suits, one holding a large sheet of paper, as plan the other pointing into the distance, both are standing in an open grassed field with a blue sky in the background with a few white fluffy clouds

So far it seems many credible bodies/committees in both the Government and the legal profession are staunchly against the idea.  The Law Society has commented that the Land Registry is not an operation which can be easily privatised and that doing so would present unique risks in terms of conflicts of interest, corruption and fraud.

Bernard Jenkin, Tory MP and Chair of the Public Administration and Constitutional Affairs Committee has expressed concerns and points out that privatisation would cause unavoidable tension in light of the Government’s commitment to making data available on a free and open basis.

The majority of members of the Conveyancing Association (CA) have voted to oppose the government’s proposals to move the Land Registry to the private sector.  The trade association’s consensus of opinion shows its members believe privatisation would not be in the best interests of clients, the conveyancing profession or the Land Registry itself.

The Government cites its reasons for putting the consultation out there as, “A sale of Land Registry could allow government to pay down debt, or enable other investment for the benefit of taxpayers. It is expected that a move into the private sector would also allow Land Registry to become even more efficient. At the same time it could continue with an appropriate level of service to support the property market.”

 The Government is currently analysing feedback on this consultation.
Select Legal Systems Limited authors of the popular legal practice management software system, LAWFUSION, offers a highly comprehensive conveyancing module as well as modules for many other areas of law.  There are workflow charts for Residential Conveyancing (sale, purchase, re-mortgage, plot sale) and Commercial Conveyancing (sale, purchase, leased /CPSE).  The software contains lookup tables that work out the Land Registry fees and web hook tasks to the Land Registry Portal.  
To find out more about the LAWFUSION conveyancing module or any other aspect of the LAWFUSION system please call 01482 567601 during office hours.  Alternatively an online enquiry form is available here.