The new rules are intended to complement a new act, which comes into force in October 2003, and allows electronic conveyancing.
The land registration system underpins the property market in England and Wales and guarantees title to over £2000 billion ($3,100 billion) worth of property. More than 80% of property titles are now registered, and the great majority of the three million property transactions handled by the Registry each year involve registered land.
The consultation paper contains the draft rules and forms, explanatory notes and a commentary. It also includes proposals for a form of lease of registered land, abolition of land and charge certificates and the supply of registered land information.
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