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HM Land Registry says it will play a leading role in the property industry’s digital land registry adoption, which will also cut its own backlog by speeding up its services. The body has launched a new strategy, called Strategy 2022+, and a three-year business plan to 2025, which lays out the “next stage of its
A new law in the United Kingdom is requiring offshore companies investing in its property market to declare their beneficial owners, promising to reverse London’s notoriety for allowing the flow of suspicious funds into its real estate through offshore shell companies. According to BBC, any anonymous foreign company seeking to buy UK land or property will need to reveal the true owners. Foreign companies that refuse to disclose their true owner could face fines of up to £2,500 per day or up to five years in prison.
HM Land Registry launches strategy to deliver vision of a more efficient, fully digital property market supported by a modern land registration system.