Ed Lester, chief land registrar and chief executive of HM Land Registry, is to step down from both roles in the first half of 2015.

He joined Land Registry in 2013 and has been responsible for conducting a major review of the organisation’s commercial structure.

Land Registry will now start the process of recruiting for the new chief land registrar and chief executive so that the individual can be in place before Ed’s departure.

Mark Boyle, chair of Land Registry, said: “The board and I are sad that Ed has decided to leave Land Registry, but fully support his decision. Ed has played a key part in formulating a sustainable vision for Land Registry’s future.

“We are grateful that he has agreed to stay on until next year as the organisation will need the benefit of his wisdom and experience as we begin a major transformation of the organisation. When the time comes for his departure, we wish him all the very best for the future.”

Lester said: “It has been an enjoyable and extraordinary privilege to be given the opportunity to be part of the rich history of Land Registry.

“During my time I have been struck by the professionalism and enthusiasm of the staff, even during challenging times and I know they will continue that support for my successor.”