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Nationwide Major Rule Change for Customers in UK Bank 'First'
Nationwide and partners adopt Qualified Electronic Signatures to reduce homebuying delays, with over 30% of transactions previously taking more than 17 weeks, industry experts say.
- Nationwide announced it is phasing out witnessed signatures and introducing Qualified Electronic Signatures, working with HM Land Registry, Your Conveyancer and Veyco to become the first mortgage lender to allow electronic signatures on mortgage deeds.
- HM Land Registry's August 2025 acceptance of Qualified Electronic Signatures prompted Nationwide's change, building on prior coordination with registry actors.
- Working with registry and tech partners, Your Conveyancer submitted the first mortgage deed via the new electronic process, demonstrating the collaboration involved.
- The new QES process aims to improve accuracy and cut administrative tasks, allowing mortgage deeds to be signed digitally and reducing delays for homebuyers and sellers and conveyancers.
- Mary-Lou Press, President of NAEA Propertymark, said the conveyancing process frustrates buyers as more than 30 per cent of housing transactions take over 17 weeks to complete on average.
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16 Articles
16 Articles
Nationwide Building Society announces mortgage initiative to ‘help speed up home-buying process’
Nationwide Building Society has launched a new system allowing customers to sign mortgage deeds electronically, removing the need for physical paperwork and witness signatures
·London, United Kingdom
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
Factuality
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