Digital identity verification will fundamentally change the way conveyancing works in England and Wales. It pledges to cut costs and wait times while increasing safety for consumers. The initiative’s stated purpose is to fight impersonation fraud, a burgeoning threat in property transactions. The Land Registry has introduced new ID1 and ID2 forms. We hope, with the support of the Conveyancing Association (CA), to see these amendments make a big impact by speeding up the conveyancing process thanks to the widespread use of digital ID checks.
Beth Rudolf, Director of Delivery at the Conveyancing Association (CA), is leading the charge on this digital revolution. The CA’s new Digital Conveyancing Protocol provides a comprehensive overview of the property transaction process from a digital perspective. It ensures that everyone—constituents, public officials, and transportation advocates alike—has a smooth and user-friendly experience. This protocol pushes to incorporate digital solutions at every step of the way, starting with identity verification and ending with you being registered to vote.
One of the greatest benefits of digital identity verification is the prevention of duplicative ID checks. Today, buyers, sellers, and other parties to a property transaction frequently have to repeat redundant identity verification steps, adding excessive time and expense to the process. Digital ID checks make this process super-simple and straightforward, removing the heavy-lift from consumers and conveyancers.
Digital identity verification provides strong protection against impersonation fraud. By employing advanced technology and secure databases, digital systems can accurately verify the identities of individuals involved in property transactions. This is especially important in stopping scams that can wreak havoc on their financial well-being, sometimes with horrible outcomes for victims.
Consumers would benefit immensely from the increased use of digital identity verification. A more rapid transaction experience means less worry and apprehension, and more added security means more reassurance. Having a digital ID check saves time and effort on property transactions. In addition, they greatly improve security, protecting consumers from fraud and errors.
On Monday 9 June Land Registry published new ID1 and ID2 forms. This launch is another strong indication that we’re making progress on the adoption of digital identity verification. These forms now have a new Section C. This part allows companies to ensure that any digital identity verification they have undertaken has been done so in accordance with Practice Guide 81. This official confirmation means that digital ID checks live up to all necessary standards and regulations.
Digital identity verification should adhere to Practice Guide 81. This makes for a safe and very orderly process fully in line with the state’s open meeting laws. In addition to other requirements, Practice Guide 81 describes standards for digital identity verification. It tackles important issues including data privacy, cybersecurity standards, and multiple modalities of verification.
The effective introduction of digital identity processes in other countries is an inspiring harbinger of the great potential for the process. As an example, when Norway adopted digital identity processes, it experienced a 1000% decrease in fraud. It’s a great example of how digital ID checks, and ultimately technology, can transform the security and integrity of property transactions.
Conveyancers have embraced the launch of new ID1 and ID2 forms from Land Registry on Monday, June 9th, recognizing the benefits of digital identity verification. The new, faster process and added security features are designed to make the new cards more efficient and less susceptible to fraud.
The Conveyancing Association (CA) has a key part to play in the introduction and adoption of digital identity verification. Secondly, the CA is helping to lead the adoption of digital solutions throughout the conveyancing sector. It does this by implementing its Digital Conveyancing Protocol and working alongside industry stakeholders.