The government’s promised digital revolution for the home buying process has begun in earnest following the announcement that Warwick District Council will on 11th July be the first local authority to complete the digitalisation of its Local Land Charges (LLC) data.
This may sound like a dry alteration to the conveyancing process, but it signals the beginning of changes that will vastly improve the sales progression process for agents, and speed up buying a home for millions of people every year.
Both home buyers and their solicitors or conveyancers purchasing a property within Warwick’s borders from that date onwards will be able to get the required LLC information from a Land Registry page on the government’s dot.gov.uk website.
Local land charges
This is instead of having to apply directly to the local authority and then wait for days, and sometimes weeks for a manual process to be completed. Nationally the average wait is approximately 10-15 days but can take 40 days, according to Search Acumen.
“Once all 326 local authorities have shared their data with the central register, solicitors and conveyancers will save millions of days a year in unnecessary waiting times – and property buyers will save millions of pounds in unnecessary costs” says Andrew Lloyd, Managing Director of Search Acumen (pictured).
The government has revealed that searches will also now be cheaper and are to be standardised at £15 each, considerably less than many councils chage, some of whom ask for up to £100 per LLC.
This fee will also include the ability for conveyancers and solicitors to complete unlimited searches for six months to check for any new charges if a transaction is dragging on for other reasons.