First Digital Mortgage Deed Entered Into Land Register

April 23, 2018
Earlier this month the first digital mortgage deed was entered into the Land Register, making it the first mortgage deed to be registered without the need for a witness to watch as the homeowner applies an ink signature to a paper mortgage deed.   The introduction of digital registration forms part of HM Land Registry’s plans to transform the conveyancing market through quicker and simpler digital services and improved use of technology, making transactions instantaneous where possible and simplifying the home buying process.   It follows months of collaboration and testing and uses GOV.UK Verify to ensure that borrowers have to securely verify their identity before digitally signing their mortgage deed online.   According to the Government, this new development will save borrowers time as they won’t have to get their signatures witnessed or risk their documents being lost in the post. They will also be able to log in and sign their deed at any time, which should mean that their application will move along more quickly.   “By working with partners in the industry, we have secured a simpler and faster service for the benefit of home owners,” explained HM Land Registry Chief Executive and Chief Land Registrar, Graham Farrant. “We are looking forward to rolling this out nationally and will be working with more conveyancers and lenders to do so.”  

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