Been here before with the Land Registry
It a variation of Gandhi's well known saying
First you deny it, then you rubbish it, next you say only in rare circumstances, after that you do something about it
August 2007
http://www.theregister.co.uk/2007/08/15/land_registry_denies_fraud_risk/
The Land Registry has attempted to dampen accusations that its online register leaves home owners open to ID fraud.
It has denied claims by the NO2ID group that it has not paid sufficient attention to security in making mortgage deeds and leases available online, and that they could reveal information which could be used to steal an individual's identity.
[...]
"There is no evidence that fraud has resulted from the availability of this information from Land Registry. If we receive evidence of a security risk, Land Registry in conjunction with the Ministry of Justice and the Home Office will of course investigate."
Moving on to February 2008
http://news.bbc.co.uk/1/hi/business/7251244.stm
The Land Registry says there is a growing number of cases of fraudsters transferring property ownership into their names.
[...]
Some £12m of compensation was paid out in the two financial years from 2005 to 2007.