Electronic Conveyancing

Jeremy Corbyn
To ask the Secretary of State for Justice what steps he is taking to prevent the emergence of a monopoly in the provision of e-conveyancing through the chain matrix system.

Mr. Wills
Land Registry is empowered by primary legislation under the Land Registration Act 2002 to create the Chain Matrix as the system by which e-conveyancing, a statutory service, is accessed. As such, Land Registry is not obliged to offer alternative methods of access or service delivery. Chain Matrix itself, however, is not a unique product within the market as there are other types of electronic property sale tracking systems operating at present. As such, the monopoly question does not apply.