work on this pilot which will be a testing ground for future e-conveyancing solutions. Only 1% of firms
across England and Wales will be involved in the trial, which will provide both us and the Land Registry
with valuable data and experience.
By participating in the project, we hope to be able to contribute to the development of the full standard
which will eventually be released and used in all property transactions.
Most residential property sales are part of a chain - with each transaction dependent on the progress of
others further up or down the line. Hold-ups in the chain can cause long delays for everyone involved,
made worse by the difficulty of locating the bottlenecks. Chain Matrix will make the process clearer and
more understandable by allowing solicitors, estate agents, lenders, buyers and sellers to keep track of their
chains. Conveyancers will update the information online at each key stage of a sale or purchase. The
professionals will then be able to pinpoint and sort out any problems while buyers and sellers are kept fully
informed of the progress of their counterparts up and down the chain.”
FURTHER INFORMATION http://www.landregistry.gov.uk/e-conveyancing/chainmatrix/
bpl solicitors limited is a major national provider of residential and commercial property solutions for private
individuals, UK and overseas banks, estate agencies and mortgage introducers employing 110 staff in Yeovil, Dorchester
and Newcastle upon Tyne with a turnover in excess of £4M.