“It’s time for the government to abandon Land Registry privatisation for good.”

Print This Post

9 September 2016

Search Acumen200Andrew Lloyd, managing director of Search Acumen, calls on the government to drop its plans to privatise Land Registry. The government has removed the proposal from the Neighbourhood Planning and Infrastructure Bill. “The matter has not been concluded – the threat to both the industry and the freedom of data remains.”

Andrew Lloyd, Search Acumen’s managing director, comments:

“The government is thinking again on Land Registry privatisation. If the abandonment of the sale is confirmed, this will be both a victory for common sense and a vindication of the property industry’s spirited campaign against the proposal over the past twelve months.

“Here at Search Acumen, we welcome this step in the right direction but the matter has not yet been concluded – the threat to both the industry and the freedom of open data remains. Now is the time for property professionals to press the government on the sale and reiterate that it is not only bad for the industry, it is bad for everyone who owns or aspires to own a property.

“Land Registry has come in for quite a bit of criticism over the years for being outdated, old fashioned, inefficient. That’s part of the rationale for a sale. But over the past few years things have actually moved in a much more positive direction, with Land Registry making great strides in commercialising its data, and in grasping the potential of ‘Big Data’. This has allowed innovators and disrupters in the private sector – companies like Search Acumen – to transform the industry for the better through new products that utilise Land Registry data. Entrepreneurs and creative minds are unlocking the opportunities buried in big data, and deploying that acumen to create efficiencies for property and legal professionals.

“Land Registry is committed to going further and release more of its data sets in the near future, so why privatise and jeopardise all of this progress?

“As the UK follows the post-Brexit journey and the housing crisis continues, I hope that the Land Registry is used efficiently to help strengthen our industry rather than add to our problems.”

Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate

Legal Futures Blog

The LSB’s proposals for legislative reform: let’s be clear

Caroline Wallace LSB

The publication of the Legal Services Board’s vision for legislative reform of legal services regulation on 12 September has generated a healthy level of interest and debate. This can, on the surface, seem a somewhat dry subject. However, it has an impact not just on existing regulated practitioners, but also on providers of legal services more generally, as well as everyone who uses or benefits from an effective legal sector. And, let’s face it, that’s all of us.

October 25th, 2016