HM Land Registry says the first online remortgage deed will complete before the end of the year.
The Government department has been working for two years on its digital mortgage service, called Sign Your Mortgage Deed.
The service means consumers can digitally verify their deeds online.
A Land Registry statement says the service is in its final test stages, and that the body aims to “have completed the first fully digital remortgage deed later this year”.
The statement adds: “Borrowers will save time as they won’t have to get their signatures witnessed or risk their documents being lost in the post. They will be able to log in and sign their deed at any time, meaning their application is more likely to move along more quickly.”
Sign Your Mortgage Deed will have tight security to stop forgery and fraud by verifying customers.
Borrowers will have to verify their identity, then are sent a security code by text message.
The code is then entered into Sign Your Mortgage Deed to confirm the person signing the deed is who they say they are.