How tech is improving the home buying & selling process

HM Land Registry’s new Digital Identity Standard will mean that buyers will be able to use their mobile phone to prove their identity when purchasing a property.  New research by HomeOwners Alliance shows that this move will be popular with homeowners along with other tech improvements.

The Digital Identity Standard will enable you to prove who you are. You’ll need a passport, residence permit or an identity card from the UK or an EU country that contains biometric information. You’ll then use your smartphone to extract encrypted information held within the chips of these documents.

This new standard is optional. However, if your conveyancer uses it, by managing the process online, you’re likely to save a significant amount of time. Plus, it’s secure too.

In February 2015, ULS Technology plc (LON:ULS) took a 35% share in HomeOwners Alliance, a website offering information and services to UK homeowners and prospective homeowners. Gresham House Strategic PLC (LON:GHS) has a 6.56% stake in ULS Technology.

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