By Sam Ruback, Marcus Shepherd2021-03-17T16:48:00+00:00
HM Land Registry last week announced its
digital ID standard, a new set of requirements to encourage digital identity checks in the conveyancing process. The move will benefit consumers and conveyancers alike, driving the industry towards a clear set of standards in digital ID.
On one hand these changes fall within the broader digitisation of the conveyancing process, encouraging homebuyers to take advantage of technology that allows them to prove their identity quickly and securely with their mobile phone. Fitting neatly alongside initiatives such as the government’s Digital ID Trust Framework - which focusses on the shareability of digital ID amongst different organisations, including financial and professional services providers - these changes will help to modernise what has long been a clunky and cumbersome process. Manual identity checks can take up to two weeks, contributing to the ever-lengthening property buyin