Electronic sales conveyancing ‘to add transparency’

Electronic sales conveyancing could add transparency to the house buying process, according to the Council of Mortgage Lenders (CML).

The council proposes that with the legal entitlements in place to undertake sales conveyancing via an electronic medium, more efforts should be made to exploit the benefits of such a system.

In this way, the CML claims that transparency could be added to the process of buying or selling a house in Scotland which was hoped to be achieved in England with the introduction of home information packs.

"There are a number of other ways in which the housing market can be encouraged to work more efficiently," the CML states.

"An example of this is the introduction of electronic conveyancing and we have been urging the government to do more to encourage this."

The CML recently claimed that prime minister Gordon Brown’s target of 200,000 new homes per year is less than the predicted growth in the number of households in the UK.