CON29 - Mark Edwards

Jamie Winch

Land RegistryBusiness Strategy 2

The Proposal

To develop and implement a prototype solution allowing customers and other stakeholders to access CON29 data held by selected Local Authorities, and other relevant organisations, in the most efficient and cost effective manner whilst conforming to common standards.

Land Registry are seeking to take over the provision of maintaining a Local Land Charges register and the enquiries of a Local Authority (CON29) forms part of the service.

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The Proposal (Cont’d)

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Drivers

–Digital by Default–World Bank Report– Improve the conveyancing process–Encourage and support Local Authority digitisation–Release Open Data

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World Bank Report

Economy Overall Rank Starting a Business

Construction Permits

Getting Electricity

Registering Property

Getting Credit

Singapore 1 3 3 6 28 3Hong Kong 2 5 1 5 89 3NZ 3 1 12 45 2 3USA 4 20 34 13 25 3Denmark 5 40 8 18 7 28Malaysia 6 16 43 21 35 1Korea 7 34 18 2 75 13Georgia 8 8 2 54 1 3Norway 9 53 28 17 10 73UK 10 28 27 74 68 1Australia 11 4 10 34 40 3Finland 12 55 36 22 26 42Iceland 13 52 41 1 12 42Sweden 14 61 24 9 38 42Ireland 15 12 115 100 57 13

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Registering a Property - indicators

Step Description Time Cost

1Standard enquiries (Sellers pack) Seller's to buyer's Solicitor 1-4 weeks £3,500 - £10,000

2 Conduct Conveyancing searches 1-3 weeks £300 - £1,000

3 Draft & exchange of contracts 1 day Included in step 1

4 Pre-completion LR search 1 day £4

5 SDLT submission 1 day% of the value of property

6 Registration of transfer & charge at LR 7 days £40 - £920

Year Enhancements to Registering a Property indicator

2010 No reform as measured by Doing Business

2011 The lodging of a SDLT processed automatically and electronically by the HMRC

2012 No reform as measured by Doing Business

2013 Electronic lodgment (e-DRS) for property transfer applications at LR.

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Research

–Market Warming Day – 20th June 2013–Local Authority Engagement–Focus Groups

• Customers• Local Authorities• Personal Search Companies• Local Government

– Independent Market Research– Infoland (Norwegian Searches)

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Hybrid Solution

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Benefits

Area BenefitCustomer (includes; licensed conveyancers, solicitors, lenders & private individuals)

o Clarity and ease of contacto Closer understanding / relationshipo Greater range of products / services to meet needso Standardized cost/formato Standardized processing timeso Enhanced “e” product seto Increased use of “e” serviceso State guaranteeo Enhanced customer experienceo Faster and earlier decision making

Local Authorities o Revenue share Funding model for digitisationo Reduced operating costso Reduced EIR requestso Improved service

Central government o Improve World Bank Report ratingo Digital by default agendao Public/Private sector workingo Access to data

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Any Questions?