When You Move aims to automate the end-to-end process of conveyancing by including real-time updates, document upload and verification, and sharing real-time case-tracking with industry partners.
The technology is designed to modernise the connectivity between broker, agent, solicitor and end user.
When You Move said it was automating elements of the process in “one of the UK’s most offline and outdated sectors”, and that it would enable a significant reduction in referral chasing, case tracking and manual uploading.
Conveyancing has been a prolonged subject of criticism for those involved in the house purchase process with admission from the industry that it has not seen enough technological development, with observations that the house-buying process is held back by paper administration and manual updates.
To illustrate this, research conducted by the When You Move said it found on average the conveyancing process took seven weeks longer than the projected completion date.
The platform has partnered with Leadenhall Law Group, Gordons Property Lawyers and Right Choice Conveyancing and is able to facilitate more than 1,000 cases at launch.
Modernise the process
John Charcol executive chairman Ian Darby welcomed the move and said it was an advancement of the property industry.
“I’m looking forward to not only seeing the platform’s progression but the impact the technology will bear on the efficiency in overall communication and speed of the industry,” he said.
Peter Goodman, founder and chairman of When You Move, commented: “With more than 1.2m property transactions taking place every year, there is a significant need to modernise the process for all involved.
“When You Move puts transparency at the heart of its proptech platform, delivering much-needed technological efficiency to end the frustration involved in chasing for information. By automating the communication process, businesses will be able to provide a better service and, with our consumer app, the end-client will also benefit from these same real-time updates.”