A 10 year ambition of entirely electronic conveyancing may soon become a reality if the company Search Acumen claim’s come to light. The company has revealed that technology will enable lawyers to oversea the whole residential conveyancing process via a central dashboard.
The platform will deliver a single program that merges and filters data from different sources to simplify the key sections of the process. These entail managing client onboarding, local authority searches, engagement with HM Land Registry, title reports, indemnity issues, bank checks and post completion filings including AP1 forms and Stamp Duty Land Tax (SDLT) submissions, the company reported. It will digitise the AP1 submission procedure in line with HM Land Registry’s measure to make digital applications mandatory from November.
It is estimated that up to five hours could be cut from each transaction, with any user at a conveyancing firm being able to directly communicate with the selected Land Registry case worker, decreasing the risk of delays, the company has claimed.
Managing director, Andrew Lloyd, stated: ‘Our residential platform will continue our track record of abolishing antiquated ways of working and empowering legal professionals to have greater control over transaction processes. It provides a single intuitive portal for the project management of residential sales and purchases and will play a crucial role in digitising key processes, most pressingly AP1 submissions ahead of November’s deadline.’
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