Thursday, August 24, 2006

Online chain check for housebuyers coming up

Sarah Arnott, Computing 24 Aug 2006

"The Land Registry is developing a prototype system to allow property buyers to check the status of all purchases in their chain.

The Chain Matrix software is the core of the Registry’s eConveyancing programme, says head of market change Julie Barry. ‘The system will allow purchasers to go online and track the progress, not just of their own transaction but the others that are relevant to them,’ she said.

‘You cannot see who the others are, or where the properties are, but you can see what stage they have reached in the run-up to completion.’"

I can see this being really useful to housebuyers frustrated by an apparent lack of progress in their sale or purchase.

Chris Bell

www.buytolettips.com

Link

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