Digital mortgages are making the home buying process faster

It has officially become easier for millions of people in England and Wales to remortgage one year after the introduction of the first digital mortgage in the countries. As well as making it easier to remortgage, the Land Registry has announced that it is also looking to the future through its Digital Street research project and has successfully used a blockchain prototype to show how buying a home can be made simpler and quicker. ‘People are doing an ever-increasing amount online, from shopping to banking, e-learning to gaming. Now they can remortgage their home online as it’s quicker, more convenient, and fits their busy lives,’ said Lord Henley, Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy.