Published 14 days ago • loading... • Updated 12 days ago

Digitising house-buying process eyed as way to speed up transactions

The UK plans to digitize the home-buying process to speed up transactions, learning from Norway where sales complete in about one month.
Currently, home buyers and sellers in the UK face delays of almost five months, and one in three transactions falls through, costing £400 million a year.
Starting March 3, leaseholders will have more control over service charges and will not need to pay their freeholder's legal fees for Right to Manage claims.
Housing and Planning Minister Matthew Pennycook stated that these reforms aim to save homebuyers money and reduce stress while improving leasehold homeowners' rights.

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Sky News UK

Digitising house-buying process eyed as way to speed up transactions

A 12-week project to establish the "design and implementation of agreed rules on data" that will make sharing between conveyancers, lenders and others has been announced by the government.

14 days ago·United Kingdom

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The Telegraph

Home buying process to be modernised to stop property deals falling through

UK house sales currently face delays of up to five months

14 days ago·London, United Kingdom

Action to take the nasty surprises out of buying a home

Swathes of paper will be digitised to stop house sales falling through at a cost of £400million

14 days ago·United Kingdom

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The Independent

+2 Reposted by 2 other sources

Plans to digitalise key property data to speed up home buying

It is part of Labour’s plans for housing which also including overhauling planning rules, building 1.5 million homes and reforming leaseholds.

14 days ago·London, United Kingdom

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house-builder.co.uk

Govt announces plan to digitise home buying process

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12 days ago

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Property Industry Eye

The government needs to rethink plans to digitise home buying process - Property Industry Eye

The government needs to rethink plans to digitise home buying process - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.

12 days ago

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