HMLR consider publishing comparative conveyancer data
HM Land Registry are considering the publication of comparative conveyancer data to provide clients with a clearer picture of how their service provider is performing.
Forming part of their Five Year Business Strategy, the potential release of this information will be to utilise existing datasets and improve public accessibility. This was pushed for in the Government’s Housing white paper earlier this year.
As well as providing greater clarity for consumers, HMLR also state that the data will be useful for professionals, enabling firms to track their relative performance against one another, and potentially act as an incentive to improve this.
Research undertaken by HMLR also indicated that further release of data that they hold could help to speed up the process as well as cutting the risk of a transaction falling through.
The Business Strategy can be accessed here.