History made as first mortgage signed electronically

It said that the landmark occasion was an important step in its programme of introducing new electronic services and helped to make property transactions easier for all.

Land Registry Director of Information Systems John Wright said:  "This huge achievement is the culmination of two years’ work by Land Registry staff.

"The benefits of using e-charges include speeding up the process of creating and submitting applications to register charges and reducing the volume of paper generated in each transaction."

Shelley Rodway, Relationship Manager for the Coventry added: "We are delighted to have led the way for lenders on this pilot. The Coventry is known for its innovation and completing the first e-signature mortgage is a big step forward for the industry."

Jonathan Stokes of Fasttrac Solicitors, the firm which lodged the charge, said: "We are delighted to have completed the first e-mortgage in England and Wales.

"The first e-charge is one small, but highly significant step in the e-conveyancing project."

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