07 Mar, 2008
says the Land Registry decision to shelve plans for some elements
of e-conveyancing and in particular the Chain Matrix provides a
tremendous opportunity for the market to focus on other priorities.
Peter Stibrany, managing director of Xit2, says although the aims
of the e-conveyancing project were commendable they faced rising
He says: "I think that most in the market will applaud the desire
and motivation that sits behind the drive for electronic
efficiencies in conveyancing. Now with the Land Registry putting to
one side the aspects that slowed the process of change creates an
opportunity to push forward with other initiatives.
"One area that will be of particular benefit to the market would
be a move towards more electronic transfer of data between the
various parties in the house buying process. There are already
examples of information flowing between different parties in the
process which provide clear examples of technological solutions
working in action."